AREXIMBANK-GAZPROMBANK GROUP INTRODUCES SYSTEM OF SOCIAL BENEFITS AND INCENTIVES FOR ITS STAFF

ARKA
May 17, 2010
YEREVAN

YEREVAN, May 17. / ARKA /. Areximbank-Gazpormbak Group said in a
press release it has introduced an expanded system of social benefits
for its staff. ‘to raise the level of their social protection, to
encourage leading specialists and make the staff feel more confident
about tomorrow.’

The system of benefits envisages additional paid leaves, material
benefits to employees wishing to marry, benefits are envisaged also
for employees who have three and more children, one-time pecuniary
assistance will be provided to those who have new born child. Monetary
assistance is also envisaged for employees whose family members die,
and to employees raising disabled children. The bank offers also a
unique benefit to employees who take a leave to look after newborn
children. For three years they will receive a monthly benefit.

According to the press release, the higher the grade of the
employee the smaller the amount of benefits. The bank has also
designed a preferential lending package for its employees. On May 2
Areximbank-Gazprombank’s assets stood at 48 billion Drams. It has 15
branches and 360 employees. ($1 – 386. 34 Drams.