YEREVAN, February 8. /ARKA/. Ardshininvestbak starts servicing the accounts of social packages for public servants of a number of state organizations as from February 11, the bank’s press service told ARKA Agency.

The social package was introduced for civil and public servants in culture, education and social security fields in Armenia in January 2012. Under the package, each employee is entitled to an annual of 132,000 drams. The beneficiaries can make use of a number of social services, irrespective of their salaries and the positions, such as mandatory health insurance, monthly mortgage payments, education fees and vacation costs.

The bank is a part of this important initiative and will be lending up to five-fold the package amount at reasonable rates exclusively for paying against services under the package, according to the report.
This will allow beneficiaries making targeted payments against health insurance, education, and etc. any time convenient to them.

The service will be offered in all 49 branches of the bank throughout Armenia.

Ardshinivestbank cjsc was granted a banking license on February 27, 2003. The bank has 49 branch offices throughout Armenia, six branches in Nagorno-Karabakh Republic and a representative office in Paris. ($1=406.01drams).–0--