ACBA-CREDIT AGRICOLE Bank opens Aragats branch in Aragatsotn region

YEREVAN, February 8, /ARKA/. ACBA-CREDIT AGRICOLE Bank has opened another branch in Tsakhkahovit village of Armenian Aragatsotn province , the bank press service told ARKA.

Opening such branches is of great importance for the bank, as they provide high quality banking services for country’s communities, the press release says. Aragats is the 42nd branch of ACBA-CREDIT AGRICOLE Bank and the second branch opened in a rural community. The first was in Ashotsk region in Shirak province. The bank said residents of Tsakhkahovit and the nearest communities are able from February 6 to enjoy high quality banking services, which do not differ from those offered by the other branches.

ACBA-CREDIT AGRICOLE BANK CJSC was established in 1996. Its principal shareholders are French Credit Agricole S.A with 15.56% share, SACAM International with 12.44% share, and Peasant Mutual Aid Unions of 10 Armenian regions, including Armavir region- 14.08% share, and Ararat region-12.28%. –0–

spot_img

POPULAR

EDB forecasts inflation in Armenia at 4.4% by the end of 2026

Inflation in Armenia will reach 4.4% year-on-year by the end of 2026, according to the Eurasian Development Bank (EDB).

Armenia’s public debt in the first half of the year amounted to 5.1 trillion drams, down 3.5% – Finance Ministry

Armenia's public debt as of June 30, 2026, amounted to 5.12 trillion drams, compared to 5.30 trillion drams as of December 31, 2025, announced RA Finance Minister Vahe Hovhannisyan.

Euro, dollar, and ruble exchange rates against the Armenian dram continued to decline: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, fell by 0.06 points on September 8, 2026, compared to September 7, to 363.64 drams.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (August 31 – September 6)

Armenia's financial agenda this week focused on capital market development, macroeconomic indicators, and attracting international financing for government programs.

“Anomaly in the Armenian market: Some bank bonds are trading at a yield lower than sovereign Eurobonds — KK Partners

The authors of the study "Free Lunch in Yerevan: An Arbitrage Anomaly in the Armenian Bond Market" draw attention to the unusual ratio of bank and sovereign bond yields for the debt market.

LATEST NEWS

spot_imgspot_imgspot_img