Mon, 7 April
11.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Stepan Gishyan charity foundation of ACBA-CREDIT AGRICOLE BANK helps expand wool processing workshop in Shinuair

YEREVAN, November 29. /ARKA/. Thanks to the assistance of the Stepan Gishyan charity foundation run by the ACBA-CREDIT AGRICOLE BANK, a wool processing workshop operating in the Shinuair community in the southern province of Syunik, has been expanded, the press service of the bank reported today. More precisely, new equipment was installed there and 5 new jobs were created.

Thanks to the assistance of the Stepan Gishyan charity foundation, the only wool processing workshop in the region, created four years ago by the public organization Resource Center for Women’s Development, purchased wool processing equipment and leather sewing machines that will be used to make bags.

“The charity foundation welcomes those programs that use local raw materials and resources. This program is very interesting, first of all, because sheep breeding is widespread in this place, but the wool was considered waste because there was no local consumption market. Now the workshop is expanded, and from now on it will be possible to increase production volumes,’ said Anna Gishyan, director of the Stepan Gishyan charity foundation.

In 2015, ACBA-CREDIT AGRICOLE BANK, the French Agricole Credit, the National Federation of Credit Agricole and the family of Stepan Gishyan founded the Stepan Gishyan charitable foundation.

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

Armenia’s public debt increased by 6.2% at the end of 2024 – Finance Ministry

Armenia's public debt at the end of 2024 increased by 6.2% compared to the same period in 2023, reaching about 5 trillion drams, said Armenian Finance Minister Vahe Hovhannisyan.

Armenian banks’ profits should be invested into various sectors- UBA head

Accumulated profits and funds of the banks should be directed to investments, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), in response to a question from ARKA news agency about forecasts for 2025 and the readiness of banks to contribute to the capital market development.

Fitch: Armenia plans to issue Eurobonds in the first quarter of 2025

Armenian authorities are planning to issue Eurobonds in the first quarter of 2025 to repay a $313 million Eurobond maturing in March 2025, Fitch Ratings said in a report.

Armenia’s top 5 banks by asset size for Q3 2023

According to ARKA news agency's quarterly bulletin 'Banks of Armenia,' the top 5 commercial banks of Armenia by asset size as of 30.09.2023 were Ardshinbank, Ameriabank,  Armbusinessbank, Acba Bank and Inecobank

Armenia and China make their first dram-yuan swap deal

Armenia and China have made their first swap deal worth 77 billion drams and one billion yuans respectively, the press service of the Central Bank of Armenia said. It said an agreement to that end was signed on Wednesday

LATEST NEWS

spot_imgspot_imgspot_img