Sun, 27 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenian ACBA-CREDIT AGRICOLE BANK named most dynamic foreign bank by AVERS in 2014

YEREVAN, June 17. /ARKA/. Armenia’s ACBA-CREDIT AGRICOLE BANK has been considered as the most dynamic foreign bank in 2014 by AVERS money transfer system, the bank’s press office reported.

The contest was held as part of the VI international festival on remittances, banking coins and metals, according to the report

The bank will continue its effective cooperation with AVERS, says the report.

ACBA-CREDIT AGRICOLE BANK (formerly the Agricultural Cooperative Bank of Armenia, ACBA) was established in 1995 as part of the EU TACIS program. In September 2006, the French banking group Credit Agricole became its largest shareholder.

The bank’s assets on April 1, 2014 amounted to 264.6 billion drams ($640.2 million), credit investments stood at 178 billion drams ($430.6 million), equity capital – at 53 billion drams ($128.2 million), the amount of deposits stood at 109.6 billion drams ($265.1 million). The bank runs now 49 branches across the country. ($ 1 – 411.86 drams). -0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img