Newsfeed

Artashes Shaboyan: Reduction in consumer demand has a negative effect on supermarkets

Azerbaijan mounts another sabotage attack on Line of Contact, Armenian side has 1 victim and 2 wounded

Helsinki Citizens' Assembly Vanadzor Office urges Armenian Defense Ministry to look into military conscription of a kyphotic young man

Armenia suffers no losses during crossfire initiated by Azerbaijan on Armenian-Azeri border

Tigran Davtyan: If you have a telephone with you, it means that you have a wallet with you too

Armenia's former prime minister: The indicator of the economic growth in Armenia is extremely low for the first half of 2014

RPA: OSCE Minsk Group Co-Chairs’ latest statement was addressed to Azerbaijan

French citizen lost in Gegarkunik region of Armenia

RPA does not hurry to assess 100 day activity of Hovik Abrahamyan's government

Serzh Sargsyan sees no need in arming of population of border villages

Seyran Ohanyan: Armenia has been putting in place ‘engineering facilities’ along with other measures to prevent attempts by Azerbaijani sabotage groups to infiltrate into its territory

Charges brought against Levon Hayrapetyan

Azeri State Committee for Refugees: Issues of the return of Dilgam Asgarov and Shahbaz Guliyev and the transfer of Hasan Hasanov's dead body are under control of President Aliyev

Armenian Government tries to repay its debts by transferring state-owned enterprises' assets to a U.S. company

Armenian environmentalists comment on Red Book apes imported to Armenia

All U.S. citizens traveling to or residing in Armenia are strongly encouraged to enroll in the Department of State's Smart Traveler Enrollment Program

The ICRC has already started talks to return Azeri saboteur's corpse, Azerbaijani State Committee says

Stepan Safaryan: OSCE Minsk Group prefers stroking naughty Azerbaijan

Edward Nalbandian advises his Azerbaijani counterpart not to use international arena for propaganda

Political expert: OSCE Minsk Group Co-Chairs want to lobby the meeting between Presidents of Armenia and Azerbaijan

Shmuel Meirom: Israel is willing to contribute of its experience in the field of economy, but it cannot force Israeli business to invest in Armenia

OSCE Minsk Group Co-Chairs express their serious concern about the increase in tensions and violence in Karabakh conflict zone

Heritage Party considers Volodya Avetisyan to be a political prisoner

Rostelecom expands its sales and customer service network

Arthur Grigoryan appointed commercial manager of mobile communication division at Beeline Armenia

Banking and Insurance to be taught at French University in Armenia

  • by Erik Abrahamyan

  • Thursday, May 29, 23:59

 Banking and Insurance specialty will be introduced in the French University in Armenia (UFAR). On May 29, Samvel Chzmachyan, President of the Union of Banks of Armenia, Hakob Andreasyan, CEO at ACBA-Credit Agricole Bank, and UFAR Rector Jean-Jacques Montois gave a press conference timed to the opening of the Banking and Insurance specialty at the UFAR. 

Jean-Jacques Montois said that the specialty has been introduced in the University in partnership with L'Universite Jean Moulin Lyon 3. The graduates are awarded a bachelor's diploma of Armenian type and a French licence. As many as 60 people can be included in the first cohort given the current demand from the financial structures. He added that 80% of the 1300 UFAR graduates have already been placed in job.  Moreover, 30% of them have found a job in the banking and insurance sector of Armenia.        

Samvel Chzmachyan, in turn, said that the introduction of the specified specialty aims to replenish the financial sector with skilled specialists. "Our lasting cooperation with UFAR was built at various levels.  There are UFAR graduates among the employees of our Bank and we are pleased with their knowledge, but in the future we would like to have employees specialized in banking", said Hakob Andreasyan. 

Upon completion of the press conference, the Union of Banks of Armenia and the French University in Armenia concluded an agreement on opening of theBanking and Insurance specialty, while UFAR and ACBA-Credit Agricole Bank agreed to launch cooperation.   

To note, the Armenian Government and L'Universite Jean Moulin Lyon 3 signed the cooperation agreement in February 2001. Since its very first days, UFAR has been a lighthouse of cooperation with France and the backbone of Francophonie in Armenia. UFAR has 3 faculties. 

To recall, "ACBA Credit Agricole Bank" CJSC has been operating in Armenia since 1995. Since September 2006, the majority shareholder of the Bank has been Credit Agricole S.A. with a 15.56% stake.  Another major shareholder, SJSC "Sacam International" (member of Credit Agricole S.A.), has a 12.44% stake. By its key figures, ACBA Credit Agricole Bank was among the top-5 Armenian banks in 2013. 

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields