CBA: "MARALIK" NEW ACBA -CREDIT AGRICOLE BANK SUBSIDIARY REGISTERED
PanARMENIAN.Net
12.01.2010 19:44 GMT+04:00
/PanARMENIAN.Net/ "Maralik" new ACBA -CREDIT AGRICOLE BANK subsidiary
was registered.
The new subsidiary was registered in accordance with CBA President
Artur Javadyan’s resolution of December 30, 2009, CBA press service
reported.
ACBA -CREDIT AGRICOLE BANK CJSC was founded in 1996 within the
framework of the European Union’s 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.
At present the bank provides varied universal banking services:
opening and service of banking accounts, funds transfer, issuance of
personal check books, currency exchange, issuance of bank guarantees,
documentary credits, trade, agricultural, collateral, mortgage,
consumer loans, as well as loans for education, repairs and heating,
issuance and service of VISA international plastic cards and domestic
ArCA, reception of household running costs, system management via
ACBA ON-Line.
In September 2006 the French Credit Agricole Banking Group purchased
28% shares of the Agricultural Cooperative Bank of Armenia [ACBA Bank],
and the ACBA Bank 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 Confederation
Internationale du Credit Agricole (International Confederation for
Agricultural Credit – CICA), the member of the Union of Banks of
Armenia (UBA).
The bank has 36 branches (including the Head office): 6 – in Yerevan,
the rest in the 10 marzes of Armenia.