Monday, June 19 2017 18:32

ArmInfo. ACBA Credit-Agricole Bank presented at the third annual banking conference in the countries of the South Caucasus and Central Asia - Caucasus SME  Banking Club Conference-2017 in Tbilisi launched in 2013 non-financial banking products.  In particular, holding free business seminars for SMEs, and providing the best experience gained during this period. This is stated in the official message of the Bank.

"Many beginning entrepreneurs because of lack of knowledge and  skills, often fail to compete and exit the market. The fact that the  Bank is guided by the slogan of being a stable and reliable partner  has prompted us to rethink our relations with customers. We are sure  that the main guarantee of success and advancement is based on  stable, long-term and confidential partnership relations. And all  this is possible in the presence of competent business relationships.  To overcome obstacles, the Bank has chosen the way to provide its  partners with additional knowledge and experience," said Arsen  Melikyan, head of the marketing and development department of ACBA  Credit-Agricole.

According to the source, representatives of financial systems of  Armenia, Ukraine, Georgia, Belarus, Russia and Kazakhstan  participated in the conference.

To remind, since 2014 ACBA-Credit Agricole Bank was the first in  Armenia to conduct regular free business seminars for its SME  managers. Since 2015, access to these seminars has been opened to all  other willing SME managers who are not clients of ACBA-Credit  Agricole Bank. The format of business seminars allows not only to  receive theoretical and practical knowledge, but also is a platform  for the exchange of experience and the establishment of new  partnerships.

According to the Financial Rating of the Armenian Banks, on April 1,  2017, prepared by the IA ArmInfo, in the credit portfolio of the  ACBA-Credit Agricole Bank, the SME account for over 19% or $ 77.5  million (37.5 billion AMD) with an annual growth of 5%, only for the  first quarter 2017 by 7.2%. In total investments of banks in this  sphere, the share of ACBA-Credit Agricole exceeds 6%. "ACBA-Credit  Agricole Bank" CJSC has been operating in Armenia since 1995. Since  September 2006, the largest European banking group Credit Agricole SA  has been the majority shareholder of the bank. With a 15.56% equity  interest, followed by the participation of SJSC Sacam International  (a member of the Credit Agricole SA group) in the amount of 12.44%,  along with which there are 10 regional Unions of Villagers' Mutual  Assistance). In terms of coverage of the branch network, the bank is  included in the TOP-5, and the number of regional branches holds the  third position. According to the main balance sheet indicators,  ACBA-Credit Agricole Bank holds positions in TOP-5.