ACBA-CREDIT AGRICOLE BANK supports conduct of Armenian genocide dedicated concert in Paris

YEREVAN, April 21. / ARKA /. ACBA-CREDIT AGRICOLE BANK has shown assistance to conduction of a concert at the Paris theater “Chatelet” April 21, dedicated to the 100th anniversary of the Armenian Genocide in the Ottoman Empire.

The Yerevan-based bank said in a press release that the concert is organized by the Armenian General Benevolent Union (AGBU) with the support from the Armenian Embassy in France and the Ministry of Culture of Armenia. The concert will be held under the high patronage of the Presidents of Armenia and France.

Armenian musicians playing for the best musical groups across the world have joined temporarily into the “World Armenian Orchestra” in memory of the victims of the Armenian Genocide. The conductor is the world-famous conductor of Armenian origin Alain Altinoglu.

The concert will include works by composers Michel Petrosyan and “Requiem” by Mozart, accompanied by the choir of “Calouste Gulbenkian Foundation.”

This massive event is aimed at strengthening of the Armenian Genocide in the global memory in order to prevent repetitions of similar future genocides. The concert may become a symbol of European and global unity to fight with the denial of the Armenian Genocide, the press service of the bank said.

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. M.V.-0-

spot_img

POPULAR

In February, commercial bank deposits in Armenia decreased by 0.2%, while lending expanded by 0.9% — World Bank

In February 2026, commercial bank deposits in Armenia decreased by 0.2% (MoM), while lending grew by 0.9% (MoM), according to the World Bank's "Armenia Monthly Economic Update – April 2026."

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

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

Euro and US dollar drop against Armenian dram, while ruble rises

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 20, 2026, decreased by 0.49 points compared to April 18, to 372.85 drams.

Assets of Armenian banks increased by 16.67% to 13.15 trillion drams as of the end of Q1 2026

Total assets of Armenian banks as of March 31, 2026, amounted to 13.1 trillion drams, an increase of 16.67% compared to March 31, 2025.

Euro slashes against  Armenian dram

As of April 23, 2026, the average exchange rate for the US dollar to the Armenian dram, established in the Armenian foreign exchange market, has fallen by 0.55 points from April 22, now standing at 371.83 drams.

LATEST NEWS

spot_imgspot_imgspot_img