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

Net inflow of remittances to Armenia from abroad almost doubled in 9 months

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, exceeded $2 billion in January-September 2026, compared to $1.02 billion in January-September 2025, according to a report from the Central Bank of the Republic.

Euro and ruble rose against the Armenian dram, while the dollar weakened: Central Bank of Armenia

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market, decreased by 0.16 points to 360.14 drams on October 29, 2026, compared to October 28.

Armenia plans to attract $1.1 billion in loans in 2027 – Finance Minister

The Armenian government plans to attract $1.1 billion in loans in 2027, said RA Finance Minister Vahe Hovhannisyan.

Central Bank of Armenia acquired $1.9 billion in market from beginning of year through September – Finance Minister

The Central Bank intervened in the market and acquired approximately $1.9 billion from the beginning of the year through September, Armenian Finance Minister Vahe Hovhannisyan stated in parliament while presenting the draft state budget for 2027.

Central Bank of Armenia plans to develop an Open Banking concept in 2027: Galstyan assessed the prospects for cheaper financial services

The Central Bank of Armenia plans to develop an Open Banking and Open Finance concept in 2027, after which it will be formalized into law. This was announced by Central Bank Chairman Martin Galstyan.

LATEST NEWS

spot_imgspot_imgspot_img