Tuesday, September 26 2017 12:56

ArmInfo.With the assistance of the Stepan Gishyan Charity Fund, after a major overhaul, the Noyemberyan Sports School opened its doors for young 150 sportsmen  from 9 border communities. As the press service of the ACBA-Credit  Agricole Bank told ArmInfo, the roof of the sports school was  repaired by the efforts of the Noyemberyan regional administration,  windows were refurbished, internal finishing works were completed.

In the renovated sports school pupils will be able to learn to play  basketball, volleyball, badminton, and children with disabilities  will visit chess and checkers clubs.  "130 programs were submitted to the Fund this year. This was a very difficult choice, as there were a  lot of applications and all programs were very interesting.

 

On the selected 4 programs, one was already fully implemented. In the  selection of this program, an important point was the joint  assistance of the Fund and the regional administration to repair  sports school, and the desire and readiness of the regional  administration administration to take part in the implementation of  the program has become an additional advantage. I am sure that the  sports school will bring a big the benefit of the youth of the  community both in terms of healthy lifestyles and in terms of leisure  activities, "said Anna Gishyan, director of the Stepan Gishyan  Foundation, adding that by the end of 2017 the Fund will sum up three  more grant programs. 

It should be noted that the Stepan Gishyan Charitable Foundation was created by ACBA-Credit Agricole,  the French banking group Credit Agricole, the National Federation of Credit Agricole and the family of  Stepan Gishyan. The fund was created in memory of the general director of the Bank ACBA-Credit  Agricole Stepan Gishyan, who has held this position since the foundation of the bank. Stepan Gishyan died suddenly in March 2014.

It should be reminded that "ACBA-Credit Agricole Bank" CJSC has been  operating in Armenia since 1995. Since September 2006, the largest  European bank group Credit Agricole acts as the majority shareholder  of the bank S.A. with a 15.56% interest in the capital, after which  SJSC "Sacam International" (a member of the Credit Agricole SA group)  has a 12.44% interest in participation, along with which there are 10  regional Unions of Peasant Mutual Assistance ). The bank is among the  leaders in coverage of the branch network and in the number of  regional branches. The bank traditionally leads the way in  agriculture, but at the same time it actively finances other sectors  of the economy, including leaders and retail lending.