ACBA-Credit Agricole Bank and American Express launch a joint prize project for AmEx cardholders

ArmInfo. ACBA-Credit Agricole Bank and American Express have launched a joint prize project for AmEx cardholders. The press office of the Bank has told ArmInfo that the project kicked off on October 15,2015, and will be over on January 15, 2016. 

The source says that the American Express Gold, American Express Blue and American Express Cashback cardholders, who make payments and shopping worth at least 300,000 AMD in Armenia and abroad within the specified period, can become the prizewinners.

The list of the prizes is available at http://www.americanexpress.am/userfiles/files/305.

Those who wish to take part in the project but lack American Express cards can apply to ACBA-Credit Agricole Bank and acquire an American Express Gold card, an American Express Blue card or an American Express Cashback card, which will allow them to win one of the prizes.

One can get further information about the project at the round-the-clock American Express card servicing center by dialing (010) 31-99-99.

According to ArmInfo's analytical review "Armenian Banks in the Card Business," ACBA-Credit Agricole Bank is among TOP-3 banks by the number of active cards - nearly 117,000 as of April 1, 2015, with a 13% year over year growth and nearly twofold growth for the last four years.  ArCa local cards account for 58% of total cards of the Bank, Visa International cards account for 32% of total, and MasterCard - 10%.  In 2014, the amount of the transactions with plastic cards exceeded 166 bln AMD (up 20% versus 2013, 2- fold growth over the past 4 years), with 78% of them being ATM transactions. ACBA-Credit Agricole Bank retains leadership by the number of its own POS-terminals, (1152) and ATMs (207). In October 2014, ACBA-Credit Agricole Bank and American Express re-concluded the cooperation agreement (initially signed in November 2010) and retained the status of an exclusive agent of American Express in Armenia. It will keep issuing the AmEx cards and taking measures to expand the card servicing infrastructure.  At present, the Bank issues 3 types of ?mEx cards: American Express Gold, American Express Blue and American Express CashBack. The data on these cards are not made public due to the confidentiality.

"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.  The Bank's customer base has increased 25-fold, which shows the high trust in the Bank.  Over the last ten years, the Bank's branch network has grown 6-fold to 56 (second place in the market), including 41 branches in the provinces of Armenia.