UMAF AND ACBA-CREDIT AGRICOLE BANK implement public health charity program in Shirak region

YEREVAN, August 31. /ARKA/. The Union of Armenian Doctors of France (UMAF) with the assistance of ACBA-CREDIT AGRICOLE BANK implemented a public health charity program in the Shirak region of Armenia called “Spectacles for Armenia”, the press service of the bank reported.

It said UMAF doctors worked this year in 32 communities of the region examining 6000 children in the first stage of the program, of whom 450 appeared to have vision problems.

“We have been coming to Armenia to carry out this program for 15 years already. The equipment that we brought with us was provided by our Japanese partner company, and the spectacles and the frames were bought by the donations of the Armenian community of France,” said Levon Artinyan, the head of the 9- member UMAF group.

In his words, the most important is that over the past two years, Armenian companies have been supporting the charitable programs of the union.

“We are very pleased that ACBA helps us being our first sponsor in Armenia and an old friend. For us it is very important that this program is promoted by Armenian companies. We need the help of Armenians living in Armenia,” he said.

The group, led by Artinyan, provides annually 500 spectacles to both children and elderly.

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

The investment portfolio of Armenian banks in the second quarter amounted to 1.93 trillion drams, a decline of 9.5% year-to-date

The total investment portfolio of commercial banks in Armenia at the end of June 2026 amounted to 1,933,341,220 thousand drams, a decrease of 202.38 billion drams, or 9.48%, year-to-date.

Armenia’s bank rates are responding slowly to the Central Bank’s rate cut, regulator 

Interest rates in Armenia's banking system are adjusting slowly, despite the reduction in the monetary policy rate and short-term market rates.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 17–23)

Key developments in Armenia's financial market this week included new banking compliance requirements, measures against account fraud, and decisions related to capital market development.

Armenian dram weakened against the dollar and strengthened against the euro and ruble: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 24, 2026, increased by 0.22 points to 365.38 drams compared to August 21.

S&P: Armenia’s banking sector is well capitalized and highly profitable

Armenia's banking sector remains well capitalized and highly profitable, supported by high net interest income and robust economic growth, according to a report from international rating agency S&P Global Ratings.

LATEST NEWS

spot_imgspot_imgspot_img