Mon, 27 October
5.1 C
Yerevan
USD: 383.05 RUB: 4.73 EUR: 444.80 GEL: 141.19 GBP: 510.03

ACBA-CREDIT AGRICOLE BANK’S GREEN LOANS to contribute to environment protection

YEREVAN, August 31. /ARKA/. ACBA-CREDIT AGRICOLE BANK sets an example of how to promote usage of energy-saving technologies and to protect environment by using them, the press office of the bank reported on Wednesday.

The bank applies in some of its branches innovative technologies that allow cutting its current expenses and contributing to protection of environment.

“We have always implemented and continue implementing projects aimed at protection of environment,” the bank’s press office says.

In various children establishments of Armenia are deployed more than 30 water heaters as part of ACBA-CREDIT AGRICOLE BANK’s social corporate responsibility programs.
The bank’s employees, along with the children attending these establishments, planted 2,000 trees.
Any program financed by the bank undergoes detailed analysis to be proven to be harmless for environment.

“ACBA-CREDIT AGRICOLE BANK offers ”GREEN” LOANS to make your business more effective and profitable,” the press release says.

ACBA-CREDIT AGRICOLE BANK and the Central Bank of Armenia have signed a loan agreement as part of the Energy Efficiency for SMEs program that is being implemented by Germany’s KfW Bank. The program implies provision of commercial express loans in the national currency to small and mid-scale businesses at 11-to-13.8-percent annual interest rates for development of alternation energy sources and enhancement of effectiveness of businesses in Armenia.

ACBA-CREDIT AGRICOLE BANK was established in 1996 as part of European Union’s TACIS program. In September 2006, France’s Credit Agricole Group became the biggest shareholder of the bank making considerable investments into its capital. –0—-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

LATEST NEWS

spot_imgspot_imgspot_img