ACBA-CREDIT AGRICOLE BANK helps Vanadzor municipality to conduct traditional “Harvest Festival”

YEREVAN, October 10. / ARKA /. ACBA-CREDIT AGRICOLE BANK said today it had helped the municipality of Vanadzor, Armenia’s third largest town and the administrative capital of Lori province, to conduct the traditional “Harvest Festival.”

“This festival is the outcome of farmers’ work. Our partners have grown this harvest, and today everyone is proud of the result of the joint work. While creating the bank, the main task was to assist the Armenian farmers, and what is very important, today we support them not only through financing, but also offer innovative solutions and contribute to the technological integration in agriculture, said the head of ACBA-CREDIT AGRICOLE BANK branch in Lori Ara Davtyan.

According to him, it is also important that the bank carries out trainings for farmers to raise the level of their financial literacy. “We are sure that this chain will bring positive results,” Davtyan said.
At the harvest festival, ACBA-CREDIT AGRICOLE BANK was allocated a separate pavilion to showcase its best offers designed specifically for farmers.

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

Unibank Receives B++ Sustainability Alignment Rating from Agents for Impact GmbH

Unibank has received a Sustainability Alignment Rating of B++ from Agents for Impact GmbH (Frankfurt, Germany).

Credit investments by Armenian banks exceeded 9 trillion drams in the first 9 months

As of September 30, 2026, credit investments by Armenian banks reached 9.01 trillion drams.

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.

Armenia to subsidize interest rates on loans and leases for energy storage systems — by up to 10 percentage points

Armenia is introducing a state subsidy for interest rates on loans and leases used to purchase electrical energy storage systems, announced Armenian Minister of Economy Gevorg Papoyan.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (October 12–18)

Armenia’s financial agenda over the past week encompassed the development of the government securities market, regulatory changes for banking operations, cooperation with international financial institutions, and the subsidization of financing for energy storage systems.

LATEST NEWS

spot_imgspot_imgspot_img