ACBA-CREDIT AGRICOLE BANK helps the Sargsyan family from Garni to build up their business

YEREVAN, November 27. /ARKA/. The ACBA-CREDIT AGRICOLE BANK helped the Sargsyan family from the village of Garni in Kotayk province to solve the problem of apple storage by assisting it in the construction of a refrigerator with the capacity to hold 12 metric tons.

The bank said in a press release that 20 years ago, the Sargsyans family has cleared a land plot that seemed unsuitable for agriculture from stones and planted an apple orchard. Today, they work as a family – from small to large. Sarkis, the head of the family, says that his grandfather would urge them to turn the rocky and deserted land into gardens. The grandfather’s call is well remembered, and the main source of their success was uninterrupted work.

With the support of ACBA-CREDIT AGRICOLE BANK, the Sargsyans built a 12-ton refrigerator to store their apple crop. In the near future, the construction of a second refrigerator will be over too.

“When I say “my bank,” I mean ACBA-CREDIT AGRICOLE BANK. It is my real friend, with whom I have been working for many years. With its help, I did a lot of work. In the near future, with the support of the bank, I would like to purchase anti-hail grids to protect our garden. We need to work for good results, and laziness is unacceptable when working with the land. Success comes as a result of constant and dedicated work,” Sarkis says.

ACBA was established in 1995 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

IDBank Participates in Regional Conference of the Union of Banks of Armenia, Presenting Innovative Tools for the SME Sector

IDBank took part in the regional conference “Opportunities and Prospects for Cooperation between Business and the Banking System in Lori Region,” held in Vanadzor and organized by the Union of Banks of Armenia.

Central Bank of Armenia views stablecoins as a strategic priority

The Central Bank of Armenia considers it important to address the challenges faced by real people and businesses, and it is through this lens that it views stablecoins as a strategic priority, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

How Idram and IDBank promote equal opportunities for women and men

Women’s Month is another opportunity to speak about the role of women in society and business, attitudes toward them, leadership, and equal opportunities for every member of society.

External shocks are having little impact on Armenia so far, but investor caution will grow – INTERVIEW

Amid the S&P 500's worst quarter since 2022, rising global anxiety, and persistent geopolitical uncertainty, investors are increasingly asking whether this is a temporary market reaction or a deeper shift in investment logic.

Armenia’s risk premium is at a historic low, says Central Bank Deputy Chairman

Armenia's risk premium is at a historic low, said Armen Nurbekyan, Deputy Chairman of the Central Bank of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img