{"id":104210,"date":"2016-12-14T15:06:30","date_gmt":"2016-12-14T15:06:30","guid":{"rendered":"https:\/\/armbanks.am\/2016\/12\/14\/245649\/"},"modified":"2024-12-15T13:26:58","modified_gmt":"2024-12-15T13:26:58","slug":"efse-to-provide-10-million-loan-to-acba-credit-agricole-bank","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2016\/12\/14\/104210\/","title":{"rendered":"EFSE to provide $10 million loan to ACBA-CREDIT AGRICOLE BANK"},"content":{"rendered":"<p><strong>YEREVAN, December 14. \/ARKA\/.<\/strong> ACBA-CREDIT AGRICOLE BANK and the European Fund for Southeast Europe (EFSE) have signed a loan agreement in Armenia&#8217;s national currency for the equivalent of $10 million, the bank&#8217;s press service reported. The loan will be used to finance agriculture and SMEs.<br \/>\nCooperation between ACBA-CREDIT AGRICOLE BANK and EFSE began in 2013, when EFSE provided the Yerevan-based bank with two loans to assist in the financing of micro and small business in Armenia.<\/p>\n<p>ACBA-CREDIT AGRICOLE BANK Chief Executive Officer Hakob Andreasyan said that the loan will help the bank strengthen its position in the financial and banking system of Armenia.<\/p>\n<p>&#8220;We are delighted to deepen our cooperation with the European Fund for Southeast Europe and to obtain a new loan in the national currency. This deal will allow ACBA-CREDIT AGRICOLE BANK to step up lending to agricultural sector and SMEs, which are the cornerstone of our economic development,&#8221; &#8211; he said,<\/p>\n<p>EFSE Board Chairman Christoph Tiskens noted that effective cooperation between the two organizations, launched in 2013, has once again been confirmed by the third loan agreement.<\/p>\n<p>ACBA was established in 1996 as part of EU\u2019s TACIS program. As a result of a long-term and mutually beneficial cooperation between ACBA Bank and the French Credit Agricole the latter became the biggest shareholder of ACBA in 2006, September. ACBA was restructured, becoming a closed joint stock company and was renamed ACBA CREDIT AGRICOLE BANK. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ACBA-CREDIT AGRICOLE BANK and the European Fund for Southeast Europe (EFSE) have signed a loan agreement in Armenia&#8217;s national currency for the equivalent of $10 million, the bank&#8217;s press service reported<\/p>\n","protected":false},"author":1,"featured_media":179480,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15909,15481,12294],"class_list":{"0":"post-104210","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-acba-credit-agricole-bank-2","10":"tag-efse-2","11":"tag-loan"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/104210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=104210"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/104210\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/179480"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=104210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=104210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=104210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}