ACBA-CREDIT AGRICOLE BANK and Microsoft to contribute to SME digitalization in Armenia

YEREVAN, May 30. /ARKA/. ACBA-CREDIT AGRICOLE BANK and Microsoft Corporation will help small and mid-scale businesses in Armenia in digitalization, the bank’s press office reported on Tuesday.

ACBA-CREDIT AGRICOLE BANK and Microsoft office in Armenia have signed a cooperation memorandum assuming a commitment to enhance competitiveness and effectiveness of cooperation with SMEs.

In particular, it was decided to add also business training and business digitalization to ACBA-CREDIT AGRICOLE BANK’s SME-developing program.

On its sme.acba.am portal, the bank jointly with Microsoft has opened a section called Business Digitalization, where information about business digitalization, its advantages and new opportunities will be posted.

ACBA-CREDIT AGRICOLE BANK was established in 1995 as part of European Union’s TACIS program. In September 2006, France’s Credit Agricole Group, investing a great deal in the bank’s capital, became its biggest shareholder. -0—-

spot_img

POPULAR

35 Years of Trust: IDBank Celebrates with Its Customers

IDBank continues its series of events marking its 35th anniversary, this time celebrating together with its customers.

Armenia to Allow Online Execution of Certain Real Estate Collateral Agreements Without a Notary

Legislative amendments in Armenia will now allow for the electronic execution without the need for notarization of standard, mixed-type real estate collateral agreements involving banks or credit organizations.

Remittances to Armenia from EAEU member states could drop by $2.1 billion, conditions for labor migration could become more stringent

Should Armenia’s participation in the Eurasian Economic Union (EAEU) be suspended, monetary transfers from EAEU member states to Armenia could fall from a projected $3,953.5 million in 2025 to $1,850 million—a decrease of $2,103.5 million.

Aggregate assets of Armenian banks grew by 20.82% to 14.46 trillion drams by the end of September 2026

As of September 30, 2026, the aggregate assets of Armenian banks reached 14.46 trillion drams, an increase of 20.82% compared to September 30, 2025, according to an operational bulletin from the ARKA news agency.

Euro and ruble exchange rates against the Armenian dram have risen, while the dollar has fallen —Central Bank of Armenia

The average market exchange rate of the US dollar against the Armenian dram, as established in Armenia’s foreign exchange market on October 21, 2026, decreased by 0.05 points compared to October 20, reaching 361.4 drams.

LATEST NEWS

spot_imgspot_imgspot_img