Sat, 17 May
23.3 C
Yerevan
USD: 386.33 RUB: 4.78 EUR: 432.69 GEL: 141.02 GBP: 513.51
spot_img

Acba Leasing invests AMD 220 bln in 5 years in development of Armenian economy (video)

YEREVAN, April 17. /ARKA/. Acba Leasing proudly stands as the leading force in Armenia’s leasing market and is excited to announce its role as the Main Partner for Leasing Expo 2025. During this exhibition, Acba Leasing will showcase outstanding offers from the leasing market.

As a trusted long-term partner for small, medium, and large enterprises, as well as for individual entrepreneurs and farmers—who are vital to Armenia’s economy—Acba Leasing has made significant contributions over the past five years. The company has invested around AMD 220 billion in initiatives that bolster Armenia’s economic development.

In just five years, Acba Leasing has successfully tripled the total volume of financing for contracts, playing a key role in creating new jobs and enhancing production capacities across various sectors.

Moreover, ACBA Leasing is committed to financing “green” projects, which helps promote energy-efficient and environmentally sustainable solutions throughout Armenia.

In the past year, ACBA Leasing has successfully secured AMD 17.3 billion to support “green” initiatives, leading to impressive results under its “Green Leasing” sub-brand.

The leasing portfolio for these eco-friendly projects totals AMD 42.53 billion, representing over 43% of ACBA Leasing’s current overall leasing portfolio.

From the outset, ACBA Leasing has focused on fostering innovative agriculture, significantly enhancing the agricultural landscape of Armenia. The company actively finances the purchase of modern equipment and machinery, thus boosting the sector’s efficiency and competitiveness.

By the end of 2024, ACBA Leasing’s leasing portfolio and financed assets in circulation reached approximately AMD 120 billion. Notably, ACBA Leasing stands as the leading taxpayer among credit organizations, and it operates under the ownership of ACBA Bank, which holds 100% of the shares.

The Central Bank of the Republic of Armenia provides oversight for ACBA Leasing. For more details, check out the video.

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

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

Time of the Brave: head of investment banking at Dimension Investments on the prospects of Armenia’s capital market development (Exclusive)

Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks  in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.

LATEST NEWS

spot_imgspot_imgspot_img