Byblos Bank Armenia | News

The gala event of the CaseKey Business Case Competition 2024 sponsored by Byblos Bank Armenia took place from November 22-24 at the Dilijan Training and Research Center of the Armenian Central Bank. For the second year in a row, Byblos Bank Armenia served as the General Sponsor of the competition, which focuses on teaching practical knowledge. This year, the competition was held for the fourth time, with the continued support of the country’s Central Bank. At the beginning of the year, more than 200 students from Yerevan and regional universities were selected from nearly 600 applicants to complete an intensive six-month educational program, guided by both local and international mentors. Throughout the program, participants had the opportunity to engage in direct meetings with the heads of prominent Armenian organizations and take part in various socialization activities. Over the course of these months, the teams worked on two business cases, with the finalists focusing on a problem related to the developme...

Byblos Bank Armenia is the General Sponsor of the jubilee celebrations marking the 90th anniversary of the Faculty of Economics and Management of Yerevan State University. The year at the Faculty promises to be exciting, featuring several significant events, including an International Conference, a Ceremonial Session, the publication of an illustrated book-album that highlights the Faculty's 90-year history, and the creation of a short film about the Faculty. "The Faculty of Economics and Management at YSU plays a critical role in Armenia's economic development. The faculty has a longstanding tradition of training professionals who have significantly contributed to structures of strategic importance for the country, especially in finance and beyond. I am pleased to see that the faculty continues to educate and inspire new generations, and I take pride in Byblos Bank Armenia's support of this mission," said Hayk Stepanyan, the Bank's Chief Executive Officer and an alumnus of the faculty. "The anniversary is a ...

Five more students from the Yerevan State University have been awarded nominal scholarships from Byblos Bank Armenia, each receiving 1 million drams. The students were chosen from the 3rd and 4th years of undergraduate studies as well as the 1st year of the master's program in the Faculty of Economics and Management. The selection was based on academic performance, social and extracurricular activity, participation in volunteer work, as well as involvement in intellectual and scientific events, and research activities. Launched in 2023, the program aims to motivate and inspire young people towards new achievements. It also encourages academic advancement, as other students, upon learning about the scholarship and its criteria, are motivated to enhance their own performance in order to earn a scholarship in future years. Byblos Bank Armenia CEO Hayk Stepanyan believes that every scholarship has the potential to become a new success story. "Motivation and encouragement are crucial in a student's life. At Byblos...

Strategic business cases, invaluable experience, innovative approaches and more than 25 events are in store for the participants of CaseKey Business Case Competition 2024, whose title sponsor for the second year in a row is Byblos Bank Armenia. The competition officially opened on May 21. Over the next six months, participants will solve four business cases, spend active training days with their coaches, compete in an intellectual game, and have informal meetings with leading experts from various fields. This year, 263 talented young people and coaches have been given the opportunity to participate in the competition, forming 24 teams, including six from Armenia’s provinces. From a record number of applications, only the top 35% of applicants were selected to join the project. Hayk Stepanyan, CEO of Byblos Bank Armenia, welcomed the participants with a motivational speech at the event’s opening and advised that the young people view education as a long-term investment. "Byblos Bank Armenia is keen on building...

Ahead of the Students and Youth Day in Armenia, Yerevan State University students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan.   The Bank and the university have a history of successful collaboration. One of the key projects implemented to celebrate the 15th anniversary of the Bank in 2023 was the memorandum of cooperation signed with the university. During the 2023-2024 academic year, 10 YSU students were granted nominal scholarships of AMD 1 million each, while five others received tuition reimbursement. May 16 marks Students and Youth Day, as well as the day of the foundation of YSU, which served as an opportunity for scholarship recipients to express how support from the Bank further fueled their motivation.   Following the meeting, Byblos Bank Armenia CEO Hayk Stepanyan expressed his admiration for the students.   "We are very happy for this opportunity provided by the university, which allowed us to meet students who receive...

Byblos Bank Armenia is introducing a special offer to promote the development of small and medium-sized businesses. The offer allows entrepreneurs to transfer their existing loans to Byblos Bank Armenia, and the Bank will cover transfer costs and provide special terms of service, inclding a grace period of up to 12 months, free Online Banking throughout the duration of the loan, without arrangement and servicing fees and a competitive interest rate (from 12% (֏) | 9% ($) | 7% (€). Financing and benefits are provided when transferring either or unsecured loans to Byblos Bank Armenia. The special offer is valid until 31 December 2024. Detailed information about the offer is available here. Byblos Bank Armenia CJSC was founded and opened the doors of its first branch in 2007. Today, the Bank has four branches in Yerevan where customers can use various banking services and receive financial advice. The Bank provides its customers corporate-retail banking services that meet the highest international standards.

Byblos Bank Armenia has donated AMD 5 million to the Health Fund for the Children of Armenia to support the fund’s projects aimed at treating children with health issues. Prioritizing meaningful social impact, the Bank continues to invest in causes that foster healthy, thriving communities. Byblos Bank Armenia CEO Hayk Stepanyan believes it is important to participate in the organization of treatment of children with health issues and the prevention of diseases among kids. “Byblos Bank Armenia anchors its firm belief in our Nation by supporting future generations. Whether through education, health, culture or more, the Bank is committed to championing projects and supporting foundations whose goals align with its vision. The Health Fund for the Children of Armenia is a natural partner for us through their dedication of the professional team , and their relentless activities to promote children's health in our country. We recognize that patients have different needs, and such measures enable industry leaders t...

Byblos Bank Armenia will serve as the title sponsor of the CaseKey Business Case Competition in 2024. For the 2nd year in a row, the Bank will finance the commitment of the competition to teach practical skills to more than 250 smart young people. CaseKey 2024 will launch in May. Leading representatives of Armenian business community and consulting firms will be involved in the 6-month educational endeavor. Throughout the program, participants will work on three to four micro cases from real businesses in Armenia and will solve the main business case of the year during a gala event in November. According to Byblos Bank Armenia CEO Hayk Stepanyan, the participants' interest in acquiring business skills is commendable. “Practical skills are invaluable in terms of applying knowledge in real business situations. We are encouraged by the results of last year's CaseKey competition, which is why we are teaming up with the initiative again this year. I am glad that there is such a platform providing young people with...

Byblos Bank Armenia has supported the Armenian translation and publication of American business consultant Clayton M. Christensen’s bestseller, "The Innovator's Dilemma", by Antares Publishing House, as part of the Bank’s commitment to support educational projects. "Why is success so difficult to sustain?" Christensen sought to answer this and many other questions in one of the most important books chronicling how innovation takes place. "The Innovator's Dilemma" weighs in on sustaining and disruptive technologies, explains why established companies begin to decline, and offers simple solutions aimed at meeting the expectations of dissatisfied or neglected customers.  The Armenian edition of the book was unveiled at a presentation on February 28, which was attended by the representatives of the Bank and Antares Publishing House, as well as by booklovers and readers. Antares CEO Armen Martirosyan laid out the key messages of the book and curated a Q&A session with the guests. Byblos Bank Armenia CEO Hayk Stepa...

Byblos Bank Armenia will sponsor the participation of the collective team of the CaseKey Business Case Competition in Budapest’s CUBE 2024 – the business case competition of Corvinus University – this spring. Following months of preparations, 4 participants were chosen from among the finalists of the main case of the CaseKey 2023 Gala, based on the requirements of the international business case competition. Two coaches will also travel to Budapest with them. During the competition to be held on April 4-11, the teams will solve 3 cases focusing on general business strategy. 20 teams from various universities of the world are expected to participate in CUBE 2024. The competition always involves top companies from Eastern and Central Europe, and business cases introduced by them are solved by contestants, each within a maximum of 20 hours. The CaseKey team from Armenia will be joining an international business case competition for the 4th time now, including 2 times in Florida, U.S. and once in Copenhagen, Denm...

Byblos Bank Armenia is summing up 2023 and ringing in the New Year with an important donation. On behalf of all of the Bank’s employees, customers and partners, funds intended for holiday gifts will be transferred to the Soldier's Home charitable NGO to contribute to the social reintegration of disabled veterans, as well as to projects aimed at providing education, training and employment for the displaced residents of Artsakh. The donation will fund the participation of forcibly displaced Artsakh civilians in educational programs that match their preferences and potential, as well as provide advanced professional education at a later stage and help them find a job. The cooperation was officially announced on December 19, when the Bank's Chief Executive Officer Hayk Stepanyan and Director of the Soldier's Home Charity NGO Haykuhi Minasyan signed a memorandum at a special event at the Soldier's Home. "We are happy to collaborate with the Soldier's Home again and unite around the important goal of returning wou...