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

S&P affirms Armenia’s ratings, maintaining a positive outlook

The international rating agency S&P Global Ratings affirmed the long- and short-term sovereign ratings of the Republic of Armenia at 'BB-/B', maintaining a positive outlook, the Ministry of Finance reported.

Armenia’s international reserves reached a record $6.19 billion in July 2026

Armenia's gross international reserves at the end of July 2026 amounted to $6,188.6 million, compared to $5,896.2 million at the end of June, according to a Central Bank report.

Record growth of Armenia’s reserves to $6.9 billion in June provided a buffer amid heightened geopolitical risks – S&P

Armenia's international reserves increased by approximately 40% year-on-year to a record $6.9 billion in June 2026, helping to strengthen the country's external reserves despite heightened geopolitical risks, according to a report by international rating agency S&P Global Ratings.

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.

An Armenian Business Founded in a Garage: Games for Live Communication with the Support of Acba Bank

The success story of board games created by David Hovhannisyan began in a small garage near his home. David and his friends created educational games during their student years; as the number of orders grew, they decided to expand the business.

LATEST NEWS

spot_imgspot_imgspot_img