ACBA-CREDIT AGRICOLE BANK awards winners of special contest for children

YEREVAN, October 1. / ARKA /. ACBA-CREDIT AGRICOLE BANK has awarded today the winners of a special contest that was designed to time with the 1st of September, the beginning of schooling year in Armenia. The gifts to the winners of the contest, as well as to some other schoolchildren selected by the bank were handed by the bank’s senior managers.

Deputy Chief Executive Officer of the Bank, Arsen Petrosyan, said that the children were given “Samsung Tab” tables with audio recording of Hovhannes Tumanyan’s fairy tales.

“We mulled for quite a long time over what kind of gifts to give to children, and came to the conclusion that the gifts must electronic, because the current generation do imagine themselves without electronic devices. Since first graders only begin to learn the alphabet, they can use the tables to listen to Armenian folk tales and join our values and our culture,” he said.

Petrosyan added that apart from the gifts, the bank has also opened deposit accounts for the children who will be able to manage them upon reaching legal age.

“This contest was designed to time with the 1st of September. It coincided also with the opening of our two new branches. We thought that the opening of our branches should be accompanied by a joyful event, and a better reason than September 1 was hard to find,” Arsen Petrosyan said.

ACBA was established in 1996, within TACIS program of the European Union. Long-term and mutually beneficial cooperation between ACBA Bank and the leading French banking group Credit Agricole led Credit Agricole bank group to become the biggest shareholder of ACBA on September 15, 2006, by making a significant financial investment into the bank capital.

ACBA was restructured, becoming a closed joint stock company and it was renamed ACBA CREDIT AGRICOLE BANK. -0-

spot_img

POPULAR

Central Bank of Armenia and banks are ready to tighten mechanisms to combat telephone fraud – Galstyan

The Central Bank of Armenia, together with banks, is ready to introduce stricter mechanisms to prevent telephone fraud, stated regulator head Martin Galstyan, responding to a question from the ARKA news agency.

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

The average market exchange rate for the US dollar to the Armenian dram, determined on March 16, 2026, fell by 0.13 points compared to March 13, to 377.41 drams.

Change in the Executive Management of Converse Bank

Yerevan, March 16, 2026. Converse Bank CJSC announces that Mr. Andranik Grigoryan will step down from his position as Chief Executive Officer of the Bank effective March 31, at his own request.

Central Bank of Armenia responded to criticism regarding the Law “On Cryptoassets” and announced meetings with crypto market participants

Martin Galstyan, Governor of the Central Bank of Armenia, commented on the criticism voiced by crypto market participants regarding the Law "On Cryptoassets."

Armenia’s gross reserves rose to $5.5 billion in February, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased, reaching $5.5 billion at the end of February, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."

LATEST NEWS

spot_imgspot_imgspot_img