Thu, 5 February
0.1 C
Yerevan
USD: 378.01 RUB: 4.94 EUR: 445.56 GEL: 140.45 GBP: 513.64

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

Armenia and EIB prioritize cooperation in economic development and private sector

Armenian Deputy Prime Minister Mher Grigoryan and the Head of the European Investment Bank (EIB) Unit, Matteo Rivillini, emphasized the importance of cooperation in economic development projects, particularly in the implementation of joint programs with the private sector in the country, the government press service reported.

Central Bank: significant portion of Armenia’s banking system profits generated by exportable services

In recent years, a significant portion of Armenia's banking system profits has been generated by exported banking services, according to Martin Galstyan, the chairman of the Central Bank.

Central Bank of Armenia reduces maximum commission rates for cashless payments

Last week, the Central Bank of Armenia decided to reduce the fees banks charge businesses for cashless payments, Central Bank Governor Martin Galstyan announced.

Central Bank of Armenia advocates for maximum rigor in identifying crypto company clients.

The chairman of the Central Bank of Armenia, Martin Galstyan, asserts that the process of identifying clients of cryptocurrency companies in the country should be as stringent as possible.

Armenia’s Financial System in January 2026: Balancing Monetary Policy, Credit Growth, and Debt Sustainability

In January, Armenia's financial system evolved within the macroeconomic and monetary-credit frameworks previously established. The monetary policy adhered to the parameters set for late 2025, the banking sector continued to enhance credit intermediation, and debt policy remained a priority for financial authorities and investors.

LATEST NEWS

spot_imgspot_imgspot_img