Ardshinbank and Armenian National Academic Theatre of Opera and Ballet named after A. Spendiaryan announced their partnership. Within the scope of this partnership, the bank is going to provide the theater with financial assistance of AMD 100m.

The ceremony of signing the Memorandum of Cooperation was attended by Armenian Minister of Culture Armen Amiryan, Chairman of the Management Board of Ardshinbank Mher Grigoryan and Artistic Director of Theatre of Opera and Ballet Constantine Orbelian.

According to the bank, the support is aimed at fostering further development of the theater, enhancing cultural life of the country, preserving and transmitting traditions through generations, as well as providing future development of opera, ballet and theatre culture.

“Today Ardshinbank is officially taking over the mission to contribute to one of the most essential spheres of the country. Considering the key development of culture and art in our country, as well as the preservation of cultural heritage, the bank's benevolent programs will be aimed at the development of this sphere. This way of communication with the public is the most effective one, for what is transmitted through culture is universal, beautiful and pure, allowing appreciation of the values and aspiration for perfection. The status of the general sponsor of the theater is a great honor and responsibility for the bank. We are convinced that this support will create new values. What’s more, we do not consider this a charity. It is a single-minded investment in the future, where the beneficiaries are both the society and the business,” Chairman of the Management Board of Ardshinbank Mher Grigoryan said.

“We are sure that the partnership with Ardshinbank will encourage further success of Armenian National Academic Theatre of Opera and Ballet. The fact that one of the most prestigious banks in Armenia has undertaken the task of supporting high culture is both honorable and binding. The material resources to be obtained within the partnership with the bank will be targeted at new performances, including the ones for children, which we hope will find a worthy place in the golden fund of the theater,” concluded Constantine Orbelian, Artistic Director of Armenian National Academic Theatre of Opera and Ballet named after A. Spendiaryan.