ACBA-CREDIT AGRICOLE Bank opens Aragats branch in Aragatsotn region

Banks

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

Banks

Armenia’s commercial banks contributed 149.22 billion drams to the state budget in the first nine months of 2026

All 17 commercial banks currently operating in Armenia were included in the list of the country’s 1,000 largest taxpayers for the first nine months of 2026, according to data from the State Revenue Committee of the Republic of Armenia.
Exchange market

Euro and US dollar exchange rates against Armenian dram continued to decline, while ruble risen once again: Central Bank of Armenia

The average market exchange rate of the US dollar against the Armenian dram, as established in Armenia’s foreign exchange market, fell by 0.19 points on October 23, 2026, compared to October 22, reaching 361.14 drams.
Banks

Armenia Seeks to Extend Cashback Program for Pensioners Through 2029

Armenia plans to extend a program offering a 20% cashback to pensioners on non-cash purchases made with bank cards until the end of 2029, according to the Ministry of Labor and Social Affairs of the Republic of Armenia.
Banks

ACBA Bank issues bonds totaling 10 billion drams and $10 million

ACBA Bank is offering, via a public offering, two tranches of non-documentary coupon bonds, with a total volume of 10 billion drams and $10 million. The offering period runs through February 20, 2027.
Economy

Central Bank of Armenia adopts measures to avert worst-case economic scenarios

The Central Bank of Armenia has shifted its focus from a single baseline scenario to an analysis of multiple potential scenarios, aiming to identify those that pose the most significant threats, according to the regulator’s Governor, Martin Galstyan.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
Russia’s Gazprombank to increase authorized capital in Areximbank-Gazprombank Group by $10 million
Next article
IFC will provide Armenia with $1.9 million to help it improve investment climate