The employees of ARMBUSINESSBANK tied 1200 knots to the Sun Carpet (Arevagorg), participating in the initiative to weave all-Armenian carpet.

1mln 200 thous. drams were donated by the Bank to “Knot to ...”  joint initiative of the Insurance Foundation for Servicemen and Megerian Carpet by AMD 1,000 for each of the Bank 1,200 staff.

The objective of the initiative is to make a carpet of Jraberd region of Artsakh with more than 238,000 knots.  An ornamental flowered cross, framed by sunrays, is pictured in the middle of the carpet. The cross symbolizes strength and has protective power. For about 3 months, many individuals and organizations from Armenia and abroad will tie knots to the carpet. The cost of each such knot is AMD 1000. Monetary donations raised from weaving the carpet will be provided to the Insurance Foundation for Servicemen. Ready-made Arevagorg will be put up for auction and all the proceeds from the auction will also be transferred to the beneficiaries of the Foundation.

Until now, the Foundation has paid compensation to 4255 disabled military personnel or the families of fallen soldiers. The Deputy Director of the Insurance Foundation for Servicemen noted that paying high attention to corporate social responsibility programs, ARMBUSINESSBANK regularly participates in charity, social and cultural events.

From the very first day of the war unleashed against our Motherland, ARMBUSINESSBANK stood up firmly for the defense of the country. The whole team of the Bank did everything possible to support our Motherland and its Army.

Today as well, having tied the knots to Arevagorg, ARMBUSINESSBANK stood next to the soldiers who sacrificed their lives and health to defend the homeland. Each of the employees tied their own knot, as a desire for a powerful Motherland, as a memory of our soldiers, as a support for nowadays’ heroes.