YEREVAN, November 16. /ARKA/. The Central Bank of Armenia registered ACBA-Credit Agricole Bank’s new branch, Charentsavan, today, the central bank’s press office reports.
After this registration, the number of ACBA-Credit Agricole Bank’s branches reached 43.
Now 21 banks with their 465 branches operate in Armenia.
ACBA-Credit Agricole Bank was established in 1996 as part of European Union’s TACIS program. French Credit Agricole S.A. holds 15.56% of the bank’s shares and SACAM International JSC 12.44%. The remaining shares belong to farmers’ unions in Armenia’s ten provinces, including Armavir (14.08%) and Ararat (12.28%). –0—-
