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

The investment portfolio of Armenian banks in the second quarter amounted to 1.93 trillion drams, a decline of 9.5% year-to-date

The total investment portfolio of commercial banks in Armenia at the end of June 2026 amounted to 1,933,341,220 thousand drams, a decrease of 202.38 billion drams, or 9.48%, year-to-date.

“Unisport” Competes in the UEFA Futsal Champions League

Unisport Futsal Club, established with the sponsorship of Unibank, will host UEFA Futsal Champions League 2026/27 preliminary round matches in Yerevan on August 26, 27 and 29.

Armenian banks’ investments in securities in the second quarter amounted to 1.92 trillion drams

The total volume of investments by Armenian commercial banks in securities as of the end of June 2026 amounted to 1,922,826,829 thousand drams.

Armenian banks will provide citizens with account statements free of charge

Individuals in Armenia will be able to receive free electronic statements from commercial banks about their bank accounts, their balances, and the presence or absence of mutual obligations with the bank.

Armenia’s bank rates are responding slowly to the Central Bank’s rate cut, regulator 

Interest rates in Armenia's banking system are adjusting slowly, despite the reduction in the monetary policy rate and short-term market rates.

LATEST NEWS

spot_imgspot_imgspot_img