EBRD TO CREDIT ACBA LEASING

ARKA
Dec 8, 2008

YEREVAN, December 8. /ARKA/. The European Bank for Reconstruction and
Development (EBRD) and ACBA Leasing credit organization have signed an
$8mln credit agreement, ARKA News Agency was told at ACBA Leasing CJSC.

According to the message the sum will enable the organization to
broaden its activities and fulfill its main mission – to finance
Armenia’s economy.

EBRD finances a leasing organization first time in Armenia and it is
an evidence of ACBA Leasing’s experience, high-quality service and
ratings in local and foreign markets.

ACBA Leasing CJSC was established in 2003, its main shareholders are
ACBA Credit Agricole and Credit-Agricole Leasing, which is a member
of Credit-Agricole S.A. bank group.

Armenia became a member of EBRD on December 7, 1992, with â~B¬10mln
of share.

The Bank’s portfolio in Armenia is over 100mln EUR this year, and
EBRD intends to increase the sum by 60-70mln EUR.

EBRD currently takes part in the capital of four Armenian banks,
namely Byblos Bank Armenia CJSC, Armeconombank OSJC, ProCredit CJSC
and Araratbank OJSC.

EBRD is one of Armenia’s largest investors and placed â~B¬202mln
through realization of 52 programs.

–Boundary_(ID_9IU85BzGtvguXP+asVhziw)- –

From: Emil Lazarian | Ararat NewsPress