Yerevan, 16.February.2025,
00
:
00
1 $ = 0 ֏, 1 = 0 ֏, 1 = 0 ֏
BREAKING


Beneficiaries of the "By Your Side" program at IDBank

SOCIETY

Last year, as part of its corporate social responsibility initiatives, IDBank launched a vital program that, according to beneficiary feedback, has proven to be highly essential. The program was specifically designed to support families with three or more minor children who were forcibly displaced from Artsakh.

Through “By Your Side” program, IDBank provided financial support of 40,000 drams to approximately 150 children from Artsakh between April and the end of the year. This assistance came during a particularly challenging time for many families—a period marked by unemployment, despair, and a profound sense of isolation.

Understanding the urgency of the situation, IDBank, with the help of its employees, compiled a list of 42 beneficiary families. While this number may seem small compared to the more than 30,000 forcibly displaced families, the program carried a powerful message: You are not alone in your struggles; we are here by your side.

Mher Abrahamyan, Chairman of the Management Board of IDBank, highlighted the significance of the initiative, stating: “The goal of this program was to show the people of Artsakh how vital it is for them to remain with us and not feel compelled to emigrate. We aimed to demonstrate that we consider the challenges of our compatriots as our own. Families with three or more minor children were chosen as the target group for this program. Today, we are heartened by the thought that the 'By Your Side' program has made a meaningful impact on the lives of our compatriot families from Artsakh.”

Ani Sargsyan, a beneficiary of the “By Your Side” program and a mother of three young children forcibly displaced from Stepanakert, shared her experience: “IDBank entered our lives during an incredibly challenging time. Neither my husband nor I had a job, and we were struggling to make ends meet while living on rent and feeling completely cut off from everything. The program provided the small but vital support we needed to get back on our feet. Through hard work and the assistance of the 'By Your Side' program, we were able to overcome that difficult period. With the funds provided, I purchased makeup accessories, which eventually helped me secure a job.”

It is worth noting that the support was provided through IDBank's loyalty digital currency, idcoin. This allowed beneficiaries the flexibility to make purchases at approximately 23,000 points of sale across Armenia. Additionally, they could access all the services and privileges offered through the Idram&IDBank application, ensuring a convenient and comprehensive support experience.

During the meeting, the beneficiaries shared their heartfelt impressions of the program and expressed gratitude for the support they received during such a challenging time. To make the occasion even more memorable, the Bank presented all beneficiary children with special New Year gifts, bringing joy and warmth to the conclusion of the gathering.

THE BANK IS SUPERVISED BY RA CBA

AraratBank Receives Prestigious Partner of the Year Award from Ria Money TransferFINTECH360 International Conference will be held in April in YerevanUnibank placed subordinated bonds ahead of schedule4,632,795 AMD for the DigiCode-2025 Competition – February's Beneficiary is QaylTechUcom Fellowship Program Participants Visit Ucom Headquarters for Leadership Insights New IDBank Branch in ArmavirPay with IDBank Mastercard and get 5% idcoin Hayk Melikyans solo concert dedicated to contemporary Armenian and swiss composersAraratBank: Caring for the Nation's DefendersIDBank issues the 1st tranche of dollar bonds of 2025AraratBank Wins Mastercard's Excellence in SME Banking Services AwardIDBank concluded the raffle of 5 iPhone 16 ProUcom Accelerates Digital Transformation with Cerillion's Cutting Edge Convergent Platform When a one dram transforms into a mighty force: "The Power of One Dram" wraps up 2024I primi cavalieri dell'Apocalisse armena Unibank opens new branch in Malatya-Sebastia district of Yerevan5,119,225 AMD to the Children of the Regions Foundation. January's beneficiary is the "Armath" educational program Ameriabank Raises $200 Million from IFC, Marking the Largest Transaction by IFC ever with a Financial Institution in ArmeniaUcom Receives the International ISO 37001 Standard to Prevent, Detect and Address Bribery May the Holiday Warm Hearts: Idram and IDBank Support the Children of HeroesBeneficiaries of the "By Your Side" program at IDBankAraratBank Named Large CSR Company of the Year Idram Joins the Fight Against Food Insecurity Ucom’s Renovated Sales and Service Center in Yerevan Mall Reopens 1% idcoin instead of New Year’s suffering: practical tips Idram Junior Donated Books to SchoolsBig Christmas Market with Idram, IDBank and idplusUcom Supports Wildlife Monitoring in Ararat Region IDBank, Idram, and idplus at the Big Christmas MarketConverse Bank Deputy CEO and CFO, Grant Akopian, Elected to BACEE BoardThe Best Gifts for New Year for Your Loved OnesUcom and SunChild NGO Install a Solar Plant in Alaverdi Kindergarten Converse Bank has been included in the list of Confirming Banks of the EBRD TFPIn 2024, Ucom Expands and Modernizes Fixed and Mobile Networks, Launches 5G in 8 More Cities, Covering a Total of 28 Cities. Acba bank to Allocate $50 Million for MSME Development Team Telecom Armenia Presents Sustainability-Linked Bonds to Prospective Investors at an Official EventConverse Bank and IFC join forces to support the growth of SMEs in Armenia4.479.792 AMD to Armenia Tree Project. the next beneficiary is Children of the regions NGO Ameriabank Presents EventHub.am: a Streamlined and User-Friendly Ticketing SolutionUcraft Introduces a New Solution for Businesses: The UC ERP Platform Ucom Announces a New Year's Deal for Those Who Join the Fixed Line AraratBank Presents the Final Part of "The Will to Get Back on Your Feet Again" Film SeriesIDMerch: IDBank’s New LoanUcom Announces New Year's Promotion for HONOR X7c Smartphones Converse Bank has become an official signatory of the UN Principles for Responsible BankingKindergarten in Artashavan Powered by Solar Energy Thanks to Ucom and SunChild Ameriabank named the Bank of the Year 2024 in Armenia by The Banker MagazineIDBank donated 10,000,000 AMD to the 27th "For You, Armenia!" Telethon “The Will to Get Back on Your Feet Again” ։ A Film Series Funded by AraratBank EasyPay has joined Idram's open QR infrastructure