YEREVAN, December 11. /ARKA/. ACBA Leasing said today it has signed a cooperation memorandum with Semina Consulting advisory company. The document was signed by ACBA Leasing CEO Arsen Bazikyan and Semina Consulting head Vahe Keushguerian. ACBA Leasing said their cooperation will focus on creation of better conditions for Armenia-based wine producers.
“ACBA Leasing is developing now new and more flexible financial instruments, which will provide new opportunities to our winemakers through leasing, including the opportunity facilitating the implementation of their ideas,” said Bazikyan.
He said cooperation with Semina Consulting was very important since its experience in winemaking combined with the large financial experience of ACBA Leasing will help local winemakers throughout the entire business circle.
“Excellent wine can only be made from quality grapes. The farmer is the person who understands the potential of his land. This is why, in the first place, it is necessary to start investing in farmers. The project provides farmers with professional advice on winemaking, simultaneously helping them establish their own business,” said Semina Consulting head Vahe Keushguerian.
According to Armenian National Statistical Service, wine production in the country in the first 10 months of 2017 amounted to 6.890.8 million liters, which was 37.7% more than in the same time span of 2016.
ACBA Leasing cjsc is the first specialized leasing organization registered in Armenia, founded in April 2003. The company is the absolute leader in the local leasing market, holding 80% of it and is one of the initiators of relating legislative changes. Its main shareholders are ACBA-CREDIT AGRICOLE BANK (54%) and Сredit Agricole Leasing & Factoring (38%). -0-
