Monday, April 14 2014 17:03

ACBA-Credit Agricole Bank opens 10th branch in Yerevan


ArmInfo. ACBA-Credit Agricole Bank has opened its 10th branch in Yerevan. It is called Yeritasardakan (Youth) and is located at 36 Abovyan St.

The press service of the bank reports that the Central Bank registered the branch on Apr 9 2014.

ACBA-Credit Agricole Bank has the third largest branch network in Armenia's banking sector. As of Apr 1 2014 it had 48 branches, including 10 in Yerevan.

ACBA-Credit Agricole Bank was established in 1995. Since Sept 2006 its majority shareholder has been Credit Agricole S.A. (15.56%). The other shareholders are Sacam International (member of Credit Agricole S.A., 12.44%) and 10 regional agricultural cooperative unions. In 2013 the bank was among the five leading banks of Armenia.
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