Tuesday, October 10 2017 13:34

ArmInfo. Within  the assistance of ACBA-Credit Agricole Bank in the city of Vanadzor, Lori region, the traditional "Harvest Festival" took place, in which the  inhabitants of the region presented the fruits of the harvest collected throughout the year. This is stated in the official message of the bank.

<When setting up the Bank for us, the primary goal was to promote  farmer, and what is important, today we provide it not only through  financing, but also offering innovative solutions in various  directions of the agroindustry, helping in integrating advanced  technologies in agriculture. It is noteworthy that the Bank also  conducts training seminars aimed at increasing financial literacy. I  am confident that the steps taken by us will lead to positive  results, "said Ara Davtyan, the   manager of ACBA-Credit Agricole  Bank Lori branch.

According to the source, that at the "Harvest Festival", the Bank  presented its pavilion, demonstrating the best solutions developed  specifically for farmers.  Videos can be viewed on the following  links:  Youtube -  https://www.youtube.com/watch?v=KBJ5PoN3zLU&feature=youtube  Dropboxhttps:   //www.dropbox.com/s/5ggu76c8ty2wf41/09/10.17%20%D4%B2%D5%A5%D6%80%D6%84%D5% AB% 20%  D5% BF% D5% B8% D5% B6.mov? Dl = 0

According to the financial rating of the Armenian Banks, as of July  1, 2017, prepared by IA ArmInfo, ACBA- Credit Agricole Bank is the  permanent leader in the agricultural credit market - 83.5 billion  drams or over 40% of the loan portfolio of the bank, and in the total  agricultural credits of the banking system the share of ACBA-Credit  Agricole reaches 52%. The scope of SMEs is invested 41.5 billion  drams or more than 20% of the bank's loan portfolio. In the first  half of 2017, the Bank increased the volume of agricultural credits  by 6%, and the volume of SME lending - by 18.8%. ACBA-Credit Agricole  is included in TOP-5 (58 subdivisions) in terms of coverage of the  branch network, and the second position (42 subdivisions) is retained  by the number of regional branches. On the main balance sheet  indicators, the Bank holds positions in the TOP-5. The total capital  of the bank at that date was 58.7 billion drams (3rd position),  assets - 317.7 billion (4th position), loan portfolio - 211.8 billion  (5th position), total liabilities - 259 billion (5th position). I  half-year of 2017, ACBA-Credit Agricole Bank completed with a net  profit of 2.7 billion drams (4th position), having increased 2.6  times in its annual cut. (The calculated exchange rate of the dram as  of June 30, 2012 amounted to 480.47 drams / $ 1).

It should be noted that "ACBA-Credit Agricole Bank" CJSC has been  operating in Armenia since 1995. Since September 2006, the largest  European bank group Credit Agricole is the majority shareholder of  the bank  S.A.  with a 15.56% equity interest, followed by the  participation of SJSC "Sacam International" (member of Credit  Agricole S.A) - 12.44%, along with which there are 10 regional Unions  of Peasant Mutual Assistance.