ACBA-Credit Agricole Bank to hold a regular free business seminar for heads of SMEs on October 3-4

ArmInfo. ACBA-Credit Agricole  Bank has already held 36 business seminars involving over 400  businessmen from 250 small and medium-sized enterprises (SMEs).  The  press office of the Bank has told ArmInfo that the next business  seminar will be held on 3-4 October 2016.   

The seminar content was prepared in close collaboration with the  International Finance Corporation (IFC).  The participants take part  in training courses by the best advanced methods.    

To attend the event, SME representatives are required to contact the  Bank's call-center: (010) 31 88 88 (81- 85, 81-49) or register at the  Bank's branches in Yerevan, the addresses of which are available at  https://www.acba.am/hy/about-bank/Branches-and-ATMs. 

ACBA-Credit Agricole Bank was the first bank in Armenia to launch  regular free business seminars to assist its SME customers. Last year  the Bank also made the seminars available for non-customer SMEs.  In  2016 business seminars took place on Feb 23-26 and on May 24-27. The  seminars cover such topics as efficient management, financial  management, practical marketing. The SME entities represent a number  of fields such as services, trade, industry, agriculture, etc. 

According to ArmInfo's Financial Rating of Armenian Banks, by 1 July  2016, SMEs accounted for nearly 18% of the Bank's loan portfolio or  about $71mln. ACBA-Credit Agricole Bank's SME finance portfolio  accounted for almost 6% of the total SME finance in the banking  system 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. By the coverage of the branch network  and the number of regional branches, the Bank holds the second  position. According to the key balance sheet figures, ACBA-Credit  Agricole Bank is among the TOP-5. -n-