Central Bank of Armenia registers new regional branch of ACBA-Credit Agricole Bank

To note, as of October 1, 2009, ACBA-Credit Agricole Bank had total of 35 branches, the major part of which is located in the regions - 30 branches, and the rest 5 - in Yerevan. The bank holds the third place, among the currently operating 22 commercial banks of Armenia, by the range of branch network. The bank assets as of November 1 made up 148.8 bln drams (1st position), credit portfolio - 86.2 bln drams (1st position), total capital - 29.2 bln drams (1st position). The bank shareholders as of this date are as follows: the biggest European bank group Credit Agricole - 16%, SJSC Sacam International - 12,44% (member of Credit Agricole S.A. group), Armavir Farmers Mutual Aid Association (FMAA) - 14,08%, Ararat FMAA - 12,28%, Aragatsotn FMAA - 7,4%, Shirak FMAA - 6,6%, Lori FMAA - 6,64%, Kotayk FMAA - 5,6%, Gegharkunik FMAA - 5,28%, Tavush FMAA - 4,8%, Syunik FMAA - 4,28%, Vayots Dzor FMAA - 4,04% and Chairman of the Bank Board Stepan Gishyan - 1%.