Tue, 1 July
14.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

CEO of ACBA-CREDIT AGRICOLE BANK dies untimely

YEREVAN, March 24. /ARKA/. Chief executive officer of ACBA-CREDIT AGRICOLE BANK Stepan Gishyan died untimely at the age of 59, from disease, on Saturday March 22, the bank’s press office reported.

Having extensive experience in financial sector Gishyan became CEO of the bank in 1996.
In 2003 Gishyan chaired the board of directors of ACBA Leasing and headed Alliance Francaise d’Armenie in 2006.

In 2006-2007 Stepan Gishyan was the chairman of the Union of Banks of Armenia.

Stepan Gishyan made a great contribution to development of agriculture and the banking sector in Armenia, says the report. His efforts brought Armenia-France relations to a new level.

Gishyan was awarded Anania Shirakatsi medal by Armenia’s president in 2001 and received the national order for merit from France president in 2009.

The staff of the bank shares the grief and the feelings of the family, says the report.

ACBA-CREDIT AGRICOLE BANK was established in 1995 as part of the European Union’s TACIS program. In 2006, CREDIT-AGRICOLE GROUP invested substantially into its capital becoming its largest shareholder.–0–

spot_img

POPULAR

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img