Fri, 7 March
4.1 C
Yerevan
USD: 394.58 RUB: 4.43 EUR: 425.79 GEL: 141.83 GBP: 507.86
spot_img

Acba Bank is the largest donor to the Insurance Foundation for Servicemen

YEREVAN, November 1. /ARKA/. Acba Bank was the largest donor to the Insurance Foundation for Servicemen in 2021 having donated over 190 million drams.

In gratitude for the donations the Foundation awarded Acba Bank with “Artsakh Diamond” prize, the Bank’s press service said.

Starting from 2020 and throughout 2021 the Bank continued to send 0.3% of income from each transaction made by the cards it issued to the Insurance Foundation for Servicemen – a total of over 136 million drams.

The Bank also provided 50 million dram one-time assistance to the Foundation, facilitating quick resolution of its current problems.

In the framework of “Let’s turn one into two” initiative Acba Bank allocated over 4mln drams to the Insurance Foundation for Servicemen.

Other members of Acba Financial Group – Acba Leasing and Amundi-ACBA Asset Management provided 10 million and AMD 20 million drams respectively to the Foundation.

At the end of 2021, the total financial assistance of Acba Financial Group to the Foundation amounted to over 220 million drams.

The Bank is controlled by the Central Bank of Armenia. –0—

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Euro exchange rate rose by 2.01 points

The average market exchange rate of the U.S. dollar to the Armenian dram on March 4, 2025, amounted to 393.86 drams, having increased by 0.17 points compared to March 3.

Net inflow of remittances to Armenia from abroad decreased by 1.7 times in January

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of Armenia, amounted to $18.7 million in January 2025, compared to $32.8 million in January 2024, according to the report from the Central Bank of Armenia.

Euro exchange rate gains 2.01 points

The average market exchange rate of the U.S. dollar to the Armenian dram on March 3, 2025, amounted to 393.69 drams, having increased by 0.34 points compared to February 28.

LATEST NEWS

spot_imgspot_imgspot_img