CREDIT AGRICOLE TO CONTINUE COOPERATION WITH ARMENIA DESPITE THE GLOBAL FINANCIAL CRISIS

ArmInfo
2009-03-26 18:19:00

Despite the tangible impact of the global financial crisis, the French
banking group Credit Agricole will continue cooperation with Armenia,
Jean-Luc Perron, the banking group’s responsible person for Europe said
during March 26 meeting with Armenian Prime Minister Tigran Sargsyan,
the governmental press-release says.

This opinion was also confirmed by other representatives of the French
group. The guests qualified the mutual relations between the Central
Bank of Armenia, Credit Agricole Group and ACBA-Credit Agricole
Bank as guarantees of successful cooperation. Tigran Sargsyan said
Credit Agricole representatives’ visit during the global financial
crisis proves the further intention to continue the cooperation. He
pointed out that the Armenian banking system managed to resist the
first negative impact of the global financial crisis.

To recall, according to the Ranking of Commercial Banks of Armenia
prepared by the Agency of Rating Marketing Information (ArmInfo),
as of January 1, 2009, ACBA-Credit Agricole Bank holds the leading
positions by the main indices. The majoritary stakeholder of the bank
has been the French banking group Credit Agricole since 2006.