HSBC Armenia and COAF summarize joint scholarships program

12.02.2021 | 12:28 Home / News /
#HSBC Armenia #COAF #scholarship
“HSBC Bank Armenia” CJSC (HSBC Armenia) and the Children of Armenia Fund (COAF) have summarized online the 2019-2021 scholarship program, which aims to prepare a professional and competitive workforce in the labor market.

The total fund of the program was AMD 13.1 million, AMD 9.7 million of which was provided by HSBC Armenia. Twenty students living in rural regions of Armenia received scholarships (50 scholarships in total), and 18 of them have already done internships in the top ten organizations in Armenia.

Thanks to the six-year cooperation of the two organizations, more than 100 rural students have had the opportunity to be full-time and part-time students at state and private universities, as well as secondary professional institutions of Armenia. To date, the cost of the project has been more than USD 80,000.

“Providing rural communities, particularly its young people, with opportunities to discover and use their full potential is at the heart of COAF's mission. This program is very important to us, and it is not by chance that we have been implementing it for six years in a row,” emphasized Korioun Khatchadourian, the Managing Director at COAF.

Besides financial support, COAF and HSBC Armenia have developed a career development package for students. which includes internships, mentorships, and skills development courses. The employees of HSBC Armenia have also volunteered as mentors within the scope of the scholarship program.

“We at HSBC Armenia are well aware that educated and knowledgeable youth is the main driving force behind the country's economic and social growth. This is why we have been implementing the scholarship program together with COAF for six years now, providing young people in the regions with the opportunities to contribute to the development and prosperity of the country and their native communities in particular,” mentioned Irina Seylanyan, the CEO of HSBC Armenia.
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