On The Eve Of School Year Ardshininvestbank Organizes Festive Action

ON THE EVE OF SCHOOL YEAR ARDSHININVESTBANK ORGANIZES FESTIVE ACTION AT “ZATIK” CHILDREN’s HOME

YEREVAN, AUGUST 23. ARMINFO. The staff of “Ardshininvestbank”
organized today a true holiday for 130 inmates of “Zatik” Children’s
Home (Yerevan) on the eve of a school year.

They presented clothes, shoes, stationery, as well as two computers.
Ardshininvestbank allotted more than 2 mln AMD for organizing the
action with gifts. Deputy Chairman of Board of Ardshininvestbank Sergey
Virabyan informed journalists that despite the fact that about 50
mln AMD is being allotted annually from their budget for both charity
and sponsorship, it is their first benevolent action intended exactly
for inmates. The bank also established scholarships for students of
some country’s universities. “Perhaps, such scholarships also will
be established for graduates of the Children’s Home entering to
universities”, Virabyan noted.

Director of “Zatik” Ashot Mnatsakanyan, in his turn, noted that
12 inmates submitted applications for entering universities and
specialized secondary educational institutions this year. He also
informed that they spend their summer holidays at Hankavan and Sevan
resorts every year. 1.900 AMD are allotted monthly from the state
budget for each inmate (higher by 600 AMD than in 2004). Mnatsakanyan
informed that “Karagezyan” Benevolent Foundation financed the repair
of corridors and water-pipe of the home in 2005.

To note, 990 children live in Armenia’s Children’s Homes and only
5% of them are orphans, 45% have one parent, and the rest 50% have
two parents.