Yerevan
Tbilisi
Moscow
Paris
Los Angeles
Beijing
English
Հայերեն Русский
Main Timeline Video Share
May the Holiday Warm Hearts: Idram and IDBank Support the Children of Heroes Beneficiaries of the "By Your Side" program at IDBank AraratBank Named Large CSR Company of the Year Idram Joins the Fight Against Food Insecurity Ucom’s Renovated Sales and Service Center in Yerevan Mall Reopens 1% idcoin instead of New Year’s suffering: practical tips Idram Junior Donated Books to Schools Big Christmas Market with Idram, IDBank and idplus Ucom Supports Wildlife Monitoring in Ararat Region IDBank, Idram, and idplus at the Big Christmas Market Converse Bank Deputy CEO and CFO, Grant Akopian, Elected to BACEE Board Ucom and SunChild NGO Install a Solar Plant in Alaverdi Kindergarten
Timeline
Arega Hovsepyan is our candidate for Chair of the Committee on European IntegrationThe Final Round of the Junius Tournament Has BegunAwards Ceremony for the “Top 100 Students of Armenia” Competition: Presentation of CertificatesNew Samsung Galaxy A27 as Part of Ucom’s Special “Back to School 2026” OfferMillennials, Gen Z, or Gen Alpha: How Different Generations Prepare for the New School Year: Idram&IDBankFinancial Literacy at the Republican Center for Children and Youth Tent Camp: Idram & IDBankUnlocking the Secrets of the Financial World at ''Hayordi'' Camp with Idram&IDBankUcom Supports the Second Phase of ArmDrone’s FPV Drone Educational Program "The Power of One Dram" to "Orran" Charitable Non-Governmental OrganizationUcom and Microsoft Innovation Center’s Cybersecurity Education Program Concludes with a Mini CTF CompetitionCustomer Appreciation Day - This Time at IDBank’s “Erebuni” BranchResults of the Junius Tournament Announced: The Next Round AheadUcom Expands International Roaming Capabilities"Urgently Confirm Your Card Details": IDBank Warns of Hotel Booking ScamsMher Ananyan joins Unibank's Management Board Ucom Supports the Launch of "Remember the Animals" Educational Game Moody’s changes the outlook on IDBank’s ratings to positive IDBank Introduces the New Mastercard World Card with Exclusive Travel Benefits and a Special Launch CampaignConverse Bank and Visa expand their strategic partnership to introduce new customer solutions Ucom and FPWC Ensure Round-the-Clock Wildlife Monitoring in Gnishik Through Solar Energy
All Timeline »
Economics

Idram Joins the Fight Against Food Insecurity

Armenia's financial sector has the potential to play a key role in addressing the issue of food insecurity in the country. As part of this effort, Idram took part in a panel discussion titled "Improving Food Security through Financial Solutions," organized by the UN World Food Program (WFP).

Hundreds of thousands of people in Armenia struggle with food insecurity, meaning they either lack the financial means to purchase food or are forced to choose unhealthy options due to financial constraints.

According to Nanna Skau, UN World Food Program (WFP) Representative and Country Director in Armenia, the low level of financial literacy in Armenia further exacerbates food insecurity. "Many families are forced to take unsustainable measures, such as borrowing money or cutting back on healthy food to reduce expenses," Nanna Skau explained.

Grigori Yolyan, Commercial Director of Idram, highlighted that the lack of financial literacy prevents people from effectively planning their expenses, leading to improper management of their income. "Idram can serve as a valuable financial tool to address these challenges by enhancing financial literacy among the public. The most powerful tool today is the Idram app, which allows users to track their income and expenses," said Grigori Yolyan.

In addition, as part of its efforts to foster a more financially literate generation, Idram has developed the "Idram Junior" app. Designed for children aged 8 and older, the app teaches essential financial skills, from making online payments to budgeting and expense planning, all under careful supervision.

IDRAM IS SUPERVISED BY CBA