"ACBA-CREDIT AGRICOLE BANK" CJSC was founded in 1996 within the framework of
the European Unions TACIS program by the model of European cooperative banks.
License N70 of the Central Bank of the Republic of Armenia issued on 29
March1996.
Initially, activity of the bank was targeted to financing rural economies of
Armenia. Since 1999 the bank has started providing loans to small and medium
enterprises, since 2001 - consumer loans and since 2003 - education loans.
"ACBA-CREDIT AGRICOLE BANK" CJSC is the member of SWIFT system, the principle
member of the international VISA payment system, the shareholder of ArCa CJSC
and the member of ArCa payment system.
In September 2006 the French Credit Agricole Banking Group purchased 28%
shares of the Agricultural Cooperative Bank of Armenia [ACBA Bank], which was
renamed to ACBA Credit Agricole Bank.
"ACBA-CREDIT AGRICOLE BANK" CJSC received a Principle Membership License and
a Merchant Acquiring License from the Visa International Service Association.
"ACBA-CREDIT AGRICOLE BANK" CJSC ACBA is the member of the Confédération
Internationale du Crédit Agricole (International Confederation for Agricultural
Credit - CICA), the member of the Union of Banks of Armenia (UBA).
The bank has 28 branches: 3 - in Yerevan, the rest in the 10 marzes of
Armenia.
As of 1 February 2008, the bank served 209,437 clients: 2,308 legal entities
and 207,129 individuals. As of 1 March 2008, the number of bank employees
totaled 651.
As of 1 March 2008, the total capital of the bank totaled AMD 21,391,024
thousand; the assets made AMD 82,610,083 thousand; the liabilities - AMD 61 219
059 thousand.
