ArmInfo. ACBA-Credit Agricole Bank will hold a free business seminar for representatives of SME sector on December 14-15 in Vanadzor, Lori region The topics of the seminars are: "Management of Money Flows" and "Financial Decision Making", the press- service of the bank informs.
According to the source all the heads of small and medium sized enterprises or their representatives can participate in the seminars organized by the bank no matter they are the bank's clients or not.
The bank attaches special importance to creating and developing partnership relations with its clients and aims at consistent assistance to business establishment process helping representatives of SMEs to manage business processes more efficiently.
Those who want to participate in the business seminar for SMEs may register by calling the bank by (010) 31 88 88 (81-85, 81-49 numbers.
To recall, ACBA-Credit Agricole Bank was the first bank in Armenia to launch regular free of charge business seminars for its clients- heads of SMEs in 2014. Since 2015 all the heads of SMEs, who are not the clients of the bank, have also received opportunity to participate in the seminars.
According to the Financial Ranking of Armenian Banks prepared by ArmInfo as of October 1, 2016 lending to SMEs totaled 18% or $69 mln of the total loan portfolio of the bank. In the banks' total lending to SME the ACBA Credit Agricole Bank's share exceeds 6%. To recall, "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 in the TOP-5.