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"Sasna Tsrer" released the rest two hostages -Osipyan and Yeghiazaryan

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Nikol Pashinyan: Levon Ter-Petrosyan and Serzh Sargsyan plot yielding territories around Nagorno Karabakh to Azerbaijan

"Daredevils of Sasoun" reportedly releases two of four hostages

NKR Defense Army soldier wounded, as Azerbaijan violates ceasefire

Armenia and UAE sign agreement to boost and protect investments

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Galust Sahakyan: Talks on possible resignation of Armenian government are rumors

Russian political scientist: Destabilization of situation and pressure on authorities prevail in "Sasna Tsrer" group's actions

Statements that five districts adjacent to Nagorno Karabakh will be passed to Azerbaijan exert pressure on the process, Bryza says

Levon Ter-Petrosyan: It is senseless to analyze the reasons that led to armed seizure of state building

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Serzh Sargsyan: Punishment of those guilty inevitable

Newspaper: After talks with "Daredevils of Sasoun," Vitaly Balasanyan met with Serzh Sargsyan

Social media warn: physical attack prepared on Nikol Pashinyan

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Armenia's Defense Ministry confirms: Azerbaijani side targets school in near border village of Movses

Maria Zakharova slams Armenian and Azerbaijani journalists

Azerbaijan keeps intensively violating ceasefire on Line of Contact

Republican Party of Armenia for peaceful resolution of standoff and hostage situation in Yerevan

Night was calm near seized building of Patrol Police Station in Yerevan

Government of Armenia dismisses idea of creating "Aviation Code"

Cyber security specialists to be trained in Armenia with support of Kaspersky Lab

Zakharova: Moscow hopes process around Nagorno Karabakh will not lose its dynamics

Paul Goble says Moscow has lost its interest in Christian Armenia and is moving to increase its ties with majority Shia Islamic Azerbaijan, Armenia's longtime enemy, and now with Sunni Turkey

Vartan Oskanian sees the solution to the current situation in Yerevan in political field only

Meeting of Vitaly Balasanyan and armed loyalists of jailed oppositionist is over; no details are reported

Maria Zakharova: We support measures taken by Armenia's authorities over seized Patrol Service Regiment in Yerevan

EU Delegation in Armenia makes a statement on recent events in Armenia

Forecast: Russian policy's stagnant Armenian vector fraught with "Ukrainization" of Armenia

Authorities send Vitaly Balasanyan to rebels as negotiator

View from Moscow: Role of April war in current protests in Armenia should not be underestimated

Healthcare Minister: None of those suffered in clashes at Khorenatsi Street is in extremely critical condition

Ara Abrahamyan: Situation in Yerevan demonstrates that there is a need for dialog between society and authorities

Azerbaijani side did not lead OSCE mission to its frontlines during planned monitoring of Line of Contact

Armenia's Economy Minister calls for tolerance and reasonableness

Analyst: In negotiations with Zhirayr Sefilyan's supporters authorities should consider factor of weapons fallen in the rebels' hands

Investigative Committee: 16 people arrested on suspicion of participating in mass disorder at Khorenatsi Street

In H1 2016, Anelik Bank increased deposit portfolio by 13.5% y-o-y due to significant growth of private deposits

Adversary continues to intensively violate ceasefire on Line of Contact

Armenian Police gives explanations related to clashes at Khorenatsi Street overnight

Police: 136 people detained following clashes at Khorenatsi Street

Regional

Banking and Insurance to be taught at French University in Armenia

  • by Erik Abrahamyan

  • Friday, May 30, 04:59

 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. 

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