ACBA Leasing and Caterpillar sign memorandum of cooperation

YEREVAN, December 20. /ARKA/. ACBA Leasing, Zeppelin Armenia (the official representative of Caterpillar company in Armenia) and Caterpillar Financial have signed a tripartite memorandum of cooperation in the framework of which the parties will offer customers in Armenia more favorable terms for the acquisition of CAT machines through ACBA Leasing.

“From now on the funding from Caterpillar Financial will continue at lower rates compared to last year’s rates, taking into account the development of this sphere in Armenia thanks to the cooperation between ACBA Leasing and Zeppelin Armenia’, – ACBA Leasing said in a press release. In the near future the parties will make a statement on funding terms.

“Successful long-term cooperation between ACBA Leasing and Zeppelin Armenia has played a role in the development of various Armenian companies, and now, thanks to low interest rates, customers will not only be able to further improve the performance of their companies, but also to reduce costs”, – ACBA Leasing said.

ACBA Leasing cjsc was founded in 2003 and is the first specialized leasing organization registered in Armenia. The company is the absolute leader in the market, and also one of the initiators of the legislative changes in this area. Shareholders of ACBA Leasing are ACBA-CREDIT AGRICOLE BANK – 54% and Credit Agricole Leasing & Factoring – 38% .– 0–

spot_img

POPULAR

Head of Central Bank allowed for a reduction in loan rates in Armenia, but with a caveat

Interest rates on loans in Armenia may decrease if favorable inflation and geopolitical conditions persist, stated Martin Galstyan, Chairman of the Central Bank of Armenia, on Public Television.

Net non-commercial remittances in Armenia accelerated to 16% in April – WB

Net non-commercial remittances in Armenia increased by 16% year-on-year in April from a low base in 2025, according to the World Bank's "Armenia Monthly Economic Update – June 2026."

Stepan Gishyan Foundation’s grant competition results have been announced

The Stepan Gishyan Charitable Foundation has announced the results of its 2026 grant competition.

Euro fell 1.94 points against the Armenian dram, while the dollar and ruble remained unchanged: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 23, 2026, increased by 0.01 points compared to 368.08 drams on June 22.

International investors own 7-8% of Armenia’s dram-denominated government debt – Central Bank

Global institutional investors own approximately 7-8% of Armenia's dram-denominated government debt, stated Central Bank Chairman Martin Galstyan.

LATEST NEWS

spot_imgspot_imgspot_img