Wed, 6 August
32.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Crédit Agricole wants to become “ambassador” of French capital in Armenia

YEREVAN, September 30. /ARKA/. Armenian prime minister Karen Karapetyan and Marc Oppenheim, head of International Retail & Commercial Banking at Credit Agricole S.A, discussed today in Yerevan prospects for implementation of investment programs in Armenia, the government press service reported.

Praising the activities of Crédit Agricol in the Armenian banking sector, Karapetyan stressed the importance of attracting new French investments in the Armenian economy.

“Our challenge is to improve the business environment. To this end we have revised the main function of our ministry of economy, whose main objective now will be to promote the business sector and bring new investment. Our team will always be open, we will be standing next to you in solving all possible problems,” said Karapetyan.

The prime minister said when meeting with  representatives of the banking sector, he invites them to develop effective  SME lending mechanisms at the expense of available assets in their banks.

Karapetyan also stressed the importance of close cooperation of the French bank with the ministry of agriculture of Armenia, saying the latter is going to develop a new package of investment programs.
The prime minister expressed confidence that Crédit Agricole will be able to assist in bringing the French capital to Armenia.

In turn, Oppenheim said that today marks the 20th anniversary of ACBA-CREDIT AGRICOLE BANK’s activities. According to him, this is evidence of close bilateral relations and their desire to contribute to the improvement of the business environment in Armenia .

“One of the main keys to success is good relations between the government and investors. A government which is ready to assist the business community, will achieve development and ensure progress. We would like to become  ‘the ambassador’ of the French capital in Armenia,” he 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. -0-

spot_img

POPULAR

Armenia’s state budget had a deficit of 39.2 billion drams in the first half of the year, according to the Finance Ministry.

The Armenian government’s budget for the first half of the year was executed with a deficit of 39.2 billion drams, which is significantly lower than the projected deficit of 325.3 billion drams, according to a statement released by the Ministry of Finance today.

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

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

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

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.

LATEST NEWS

spot_imgspot_imgspot_img