Tue, 1 July
14.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

ACBA-CREDIT AGRICOLE BANK re-launches renovated ‘Lori’ branch in Vanadzor

YEREVAN, October 29. / ARKA /. ACBA-CREDIT AGRICOLE BANK has re-launched today its renovated and modernized ‘Lori’ branch in Armenia’s third largest town of Vanadzor, the administrative center of the northern province of Lori. The bank said the branch, located at 22, Tigran Mets Street, is ready to provide customers with the full range of its services.

“The re-launch of “Lori” branch is another step, initiated and implemented by the Bank as part of its program of ongoing development and improvement of the branch network,’ the Bank said in a press release.

It said a set of comprehensive measures were taken to optimize all the processes related to customer service, to upgrade jobs places and service areas and to install new equipment. Now the branch has broad technical capabilities, allowing customers to make use of banking services more enjoyable and easy.

The new branch will operate a cash accepting terminal, allowing customers to make around the clock transactions, including payment of utility bills, including also Internet services of Ucom, Orange, VivaCell and Beeline telecom providers. Customers can also repay their loans, to replenish current card accounts and deposits.

The Bank will not charge any fees for services if they are made through the cash accepting terminal.

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.-0-

spot_img

POPULAR

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img