YEREVAN, April 27. / ARKA /. ACBA-CREDIT AGRICOLE BANK has assisted in installation of solar water heaters for the children’s rehabilitation center named after Armenak and Anna Tadevosyan in the village of Kosh. According to a bank’s press release, solar water heaters will ensure permanent hot water for daily medical procedures.
ACBA-CREDIT AGRICOLE BANK launched installation of solar water heaters for regional kindergartens last year as part of its corporate social responsibility policy. According to the press release, solar and energy-saving equipment will help the center to significantly cut its costs, as well as enable it to optimize the use of available resources.
The employees of ACBA-CREDIT AGRICOLE BANK and the rehabilitation center planted also 100 trees in the territory of the center.
Narek Asatryan, a press officer for ACBA-CREDIT AGRICOLE BANK, said in 2014 water heaters had been installed in kindergartens and other pre-school institutions in six villages across Armenia.
According to him, the decision to install solar water heaters for the children’s rehabilitation center in the village of Kosh was prompted by the need to have permanent hot water for daily medical procedures.
“Water heaters will also reduce the center’s costs in ensuring hot water and the saved amount may be directed to other needs of children,” said Asatryan
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. ($1 – 474.42 drams). -0-
