Friday, March 4 2016 15:07
Karine Melikyan

ACBA-Credit Agricole Bank announces Spring Special Offer for American Express cardholders

ACBA-Credit Agricole Bank announces Spring Special Offer for American Express cardholders

ArmInfo. ACBA-Credit Agricole Bank, the exclusive representative of American Express in Armenia, announces a special offer for AMEX cardholders. In particular, from March 5th through March 8th, by making payments with American Express Gold, American Express Blue and American Express Cashback cards in Papaya, Avenue des Fleurs, Hermitage, Parfois stores, the cardholders will receive presents on the spot. For more details, please visit:  https://www.acba.am/uploaded/AmEx.pdf To obtain American Express card, please order it at the website of ACBA-Credit Agricole Bank by filling the application forms available at the following links:  for American Express Gold - http://www.americanexpress.am/am/Private/ourcards/Amex%20Gold%20Card/form1/ for American Express Blue - http://www.americanexpress.am//am/blue/benefits/blue_appl/ for American Express Cashback - http://americanexpress.am/cashbackcard/Forms/RegisterFront/4

For more information, contact the bank's 24-hour service center for American Express cards: (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 186,000 as of October 1, 2015, with a 15% year on year growth and nearly twofold growth for the last four years.  ArCa local cards account for 58.5% of total cards of the Bank, Visa International cards account for 32.4% of total, and MasterCard - 9.1%.  For 9 months of 2015, the amount of the transactions with plastic cards exceeded 132 bln AMD (up 14% versus 2014, 2- fold growth over the past 4 years). ACBA-Credit Agricole Bank is among TOP-3 banks. ATM transactions account for 83% of total transaction with plastic cards.

The bank is among TOP-3 banks by the number of its own POS-terminals too (1069 as of Oct 1 2015) and leader by the number of ATMs (204 as of Oct 2015). 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.

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