ACBA-Credit Agricole Bank held a contest for its student- clients. The Bank press-office has informed ArmInfo that the contest "Student Loan" was held at Moscow Cinema on June 10.
According to the source, Varduhi Babayan, Hermine Avagyan, Irina Arzumanyan, Lusine Sukiasyan, Vardan Babayan and Tigran Zakaryan are the winners of the contest. The students were free to decide their own prize - a semester payment, notebook or an Ipad.
The message reads that the winners should have paid their tuition fee by May 31 using ACBA Bank's service "Student Loan".
According to the Financial Rating of Armenian Banks by the Agency of Rating Marketing Information (ArmInfo), in Q1 2015 ACBA-Credit Agricole Bank held the fourth position in the Armenian banking system in terms of net profit (784 mln AMD, almost threefold growth versus Q1 2014). The Bank was also the fourth in terms of lending (interbank loans inclusive), which grew by 3.5% to 198.2 bln AMD. In the loan book of ACBA-Credit Agricole Bank, customer's loans exceeded 24% with 13% Q1 growth (including student loans). At the moment the Bank has the second largest branch network (14 branches in Yerevan and 41 branches in all the provinces of Armenia).
"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.