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ACBA-CREDIT AGRICOLE BANK reduces prices for using ACBA-ONLINE system

YEREVAN, March 12. / ARKA /. ACBA-CREDIT AGRICOLE BANK has announced today new and reduced prices for using its ACBA-ONLINE system.

The bank said new individual customers will pay a onetime payment of 5000 drams instead of previous monthly payment of 1000 drams. Individual customers already using the system will pay nothing, the bank said.

The price for corporate customers has been lowered from 5,000 drams to 3000 drams a month.
The bank said also it has installed ACBA TOKEN application to create one-time passwords for logging in to ACBA ONLINE.

ACBA was established in 1996 as part of EU’s TACIS program. As a result of a long-term and mutually beneficial cooperation between ACBA Bank and the French Credit Agricole the latter became the biggest shareholder of ACBA in 2006, September. ACBA was restructured, becoming a closed joint stock company and was renamed ACBA CREDIT AGRICOLE BANK.

According to the latest data, the bank’s assets in 2014 grew to 286.4 billion drams; its liabilities grew to 237 billion drams, while its capital fell to 49.37 billion drams. The bank closed 2014 with a loss of 4.6 billion drams against a 4.9 billion dram profit in 2013. ($ 1 – 481.53 drams). -0-

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