YEREVAN, June 3. / ARKA /. The Russian-owned Areximbank-Gazprombank Group said today it has selected 25 winners of the second competition announced for Armenian students wishing to win one of its one-time stipends.

The offer is part of a special program called ‘For All Country and for Interest of Each Student. The names of the winners are posted on the bank’s official website at www.areximbank.am.

The bank had received over 500 electronic applications from students majoring both at state-run and private universities. They had been selected by a scoring system and by a special commission in several categories like excellent academic progress, public activity and social status. The competition was announced on March 9 and ran through April 30 for fifth –year students as well as for second-fourth year bachelors and students seeking master’s degree from state-run and private universities.

The main goal of this special offer is to help young students who are demonstrating not only excellent academic achievements but who are also active in public and research areas.

The amount of one-time stipend is from 40, 000 to 300, 000 Drams. The 300,000 Dram stipend will be awarded to only one applicant. The official awarding ceremony is scheduled or late June.

Areximbank-Gazprombank Group (formerly Areximbank) was established in 1998 to handle financial flows between Armenia and Russia. It is a principled member of VISA International and MasterCard International payment systems. In 2007 it joined Armenian ArCa payment system. The bank is owned fully by Russian Gazprombank. It has 6 branches in Yerevan and 9 in regions. -0-