YEREVAN, February 17. /ARKA/. The history of ACBA Bank, which took over the financing of agriculture in the newly independent Armenia, began with two rooms, one computer, one printer, several chairs and a table, the press service of the bank reports.
Today the bank’s role in the development of agriculture is irreplaceable.
At the beginning of its activity, the bank had only 10-20 employees. Today there are more than 1500 of them. Instead of a small office, there are 62 branches all over Armenia’s territory. The film tells about the bank’s path, difficulties and sources of inspiration.
The bank is supervised by the Central Bank of Armenia.
ACBA-CREDIT AGRICOLE BANK CJSC (former Rural Support Bank of Armenia, ACBA) was founded in 1995 as part of the European Union TACIS program. In September 2006, the French Banking Group Credit Agricole became the bank’s largest shareholder, making significant capital investments. -0-
