Despite financial crisis, ACBA-CREDIT AGRICOLE BANK succeeded to provide financial growth, winning leading positions in Armenian banking system.
As the bank’s General Manager Stepan Gishyan told a news conference in Yerevan, by the end of 2009, bank assets comprised AMD 162 billion (12.3% out of total banking system in Armenia).
In 2009, the growth of bank’s assets comprised 31,6% compared with 2008 results. The bank’s owned capital comprises 12.7% out of total Armenian banking system (AMD 35 billion); own capital growth comprised 34.8% compared with 2008.
In 2009, ACBA-CREDIT AGRICOLE BANK profits comprised AMD 4,3 billion, with a share of 49,6% out of total banking system volume; bank’s credit portfolio grossed AMD 90 billion (12,2% share), bank’s total liabilities amounted to AMD 127 billion (12,1% share).
On January 25, 2010, the Financial Ombudsman’s office marked the close of its first year of operation. During the event, Mrs. Piruz Sargsyan, Armenia’s Financial Ombudsman, awarded certificates to financial institutions which stood out for their cooperation with the Ombudsman’s office. ACBA-CREDIT AGRICOLE BANK was awarded the “Best Cooperating Bank” title.
Also, starting from January 25, ACBA-CREDIT AGRICOLE BANK allows its customers to perform transactions with American Express Travellers Cheques.
