It was announced during the May 15 commemoration evening dedicated to Stepan Gishyan, former CEO of ACBA-Credit Agricole Bank, that a "Stepan Gishyan" benevolent fund was set up upon the initiative of the Bank.
"The Fund will direct its activities towards the deepening of the Armenian-French relations and the consolidation of this friendship. Young people, who will create new values and build a new future of
the Armenian-French friendship, will be the beneficiaries of the Fund. Every year the Board of Trustees will discuss the submitted projects and choose those which meet the bank's purposes. I would like to express my gratitude to "Credit Agricole" French Bank that has been supporting us since the moment we had the idea of setting up the Fund", said present CEO of ACBA-Credit Agricole Bank Hakob
Andreasyan.
ACBA-CREDIT AGRICOLE BANK" CJSC has been operating in Armenia since 1995. Since September 2006, the majority shareholders of the Bank have been Credit Agricole S.A. (15.56%) and SJSC "Sacam
International" (part of Credit Agricole S.A - 12.44%). Along with them, 10 agricultural cooperative unions hold shares in the capital of ACBA- CREDIT AGRICOLE BANK. By its branch network the Bank is
ranked the second in the Armenian banking system (56 branches, including 41 in the provinces). In 2014, ACBA- CREDIT AGRICOLE BANK was among the top- 5 banks in terms of the key parameters.