RA PRIME MINISTER TIGRAN SARGSYAN RECEIVED A CREDIT AGRICOLE DELEGATION CONSISTING OF JEAN-LUC PERROT

Thurs day, 26 March 2009

RA Prime Minister Tigran Sargsyan received a Credit Agricole delegation
consisting of Jean-Luc Perrot, responsible for the Bank’s European
affairs and director general of Credit Agricole Consultant, director
general of the National Federation of Credit Agricole Joseph d’Oser,
ACBA-Credit Agricole JSC Board members Ives Couturier and Philippe
de Sibeins.

Greeting the guests, the Prime Minister said that the delegation’s
visit, especially seen against the background of the global financial
and economic crisis, will give a positive impulse to the development
of bilateral cooperation. According to Tigran Sargsyan, as it
defied successfully the first tide of the global crisis, Armenia’s
banking system proved to be stable and reliable which gives us certain
encouragement in that it will be able to withstand the challenges ahead
in cooperation with Credit Agricole and other international partners.

Jean-Luc Perrot and other members of the delegation expressed
satisfaction at the mutually advantageous cooperation between Credit
Agricole and our country over the past fifteen years leading to the
launching of ACBA- Credit Agricole JSC which is at the forefront of
Armenia’s banking system today. They noted that bilateral cooperation
will be continued in spite of the negative impact of the ongoing
global financial and economic crisis.

As a pledge for successful cooperation, the delegation members pointed
out to the sustained position of the Central Bank of Armenia with
respect to other banks operating in our country and went on to stress
that the cooperation between Credit Agricole, ACBA-Credit Agricole
and the CBA is marked by full harmony of efforts.

At the end of the meeting, on behalf of the Armenian government, Prime
Minister Tigran Sargsyan expressed appreciation to the management of
Credit Agricole and all those having contributed to the development
of bilateral cooperation. The Prime Minister expressed hope that the
ongoing cooperation will be continued with as much success in future.