HEAD OF ACBA-CREDIT AGRICOLE BANK AWARDED ‘NATIONAL ORDER FOR DESERTS’
ArmInfo
2009-03-27 15:46:00
Ambassador of France to Armenia Serge Smessow has awarded Director
General of ACBA-Credit Agricole Bank Stepan Gishyan a "National Order
for Deserts". The solemn awarding ceremony was held on March 26 in
the French Embassy in Armenia with participation of Armenia’s Prime
Minister Tigran Sarksiyan, Economy Minister Nerses Yeritsyan, Chairman
of Central Bank Artur Javadyan, delegation of the French banking group
of Credit Agricole and representatives of Armenia’s financial system.
According to S. Smessow, S. Gishyan is awarded for his contribution
to development of the French-Armenian relations. "This award has
been deserved. S. Gishyan is a close and sincere friend of France,
he has done much for development of France-Armenia cooperation",
the ambassador said. He added that S. Gishyan permanently renders
assistance to the French University in Armenia, as well as supports
holding of different cultural events by the Embassy. "It is important
that S. Gishyan is both Francophile and Francophone", S. Smessow
emphasized.
For his part, S. Gishyan said the cooperation of ACBA-Credit Agricole
Bank with the French banking group of Credit Agricole has been lasting
for 15 years already and it is exemplary by its results. "The major
part of our bank staff is French-speaking, moreover, we serve almost
all the French-speaking persons in Armenia", S. Gishyan emphasized.
According to the Ranking of Armenia’s commercial banks, prepared by
the Agency of Rating Marketing Information (ArmInfo), "ACBA-Credit
Agricole Bank" takes the leading positions by key indicators as of
January 1, 2009. So, the bank’s total capital as of this date made up
$85 mln (1st position), assets – $403.6 mln (1st position), volume of
credit investments – $279.8 mln (1st position). Over 70% in the total
portfolio of agricultural credits of Armenia’s banking system fall on
"ACBA- Credit Agricole Bank" which specializes mainly on crediting
of agriculture. The bank completed the year 2008 with net profit of
$14.5 mln (2nd position). The French banking group Credit Agricole
has been a majority shareholder of "ACBA-Credit Agricole Bank" since.