Monday, June 19 2017 18:28
Alina Hovhannisyan

ACBA Credit-Agricole Bank presented experience gained at 3rd conference of Caucasus SME Banking Club Conference-2017

ACBA Credit-Agricole Bank presented experience gained at 3rd conference of Caucasus SME Banking Club Conference-2017

ArmInfo. ACBA Credit-Agricole Bank presented at the third annual banking conference in the countries of the South Caucasus and Central Asia - Caucasus SME Banking Club Conference-2017 in Tbilisi launched in 2013 non-financial banking products.  In particular, holding free business seminars for SMEs, and providing the best experience gained during this period. This is stated in the official message of the Bank.

"Many beginning entrepreneurs because of lack of knowledge and skills, often fail to compete and exit the market. The fact that the Bank is guided by the slogan of being a stable and reliable partner has prompted us to rethink our relations with customers. We are sure that the main guarantee of success and advancement is based on stable, long-term and confidential partnership relations. And all this is possible in the presence of competent business relationships. To overcome obstacles, the Bank has chosen the way to provide its partners with additional knowledge and experience," said Arsen Melikyan, head of the marketing and development department of ACBA Credit-Agricole.

According to the source, representatives of financial systems of Armenia, Ukraine, Georgia, Belarus, Russia and Kazakhstan participated in the conference.

To remind, since 2014 ACBA-Credit Agricole Bank was the first in Armenia to conduct regular free business seminars for its SME managers. Since 2015, access to these seminars has been opened to all other willing SME managers who are not clients of ACBA-Credit Agricole Bank. The format of business seminars allows not only to receive theoretical and practical knowledge, but also is a platform for the exchange of experience and the establishment of new partnerships.

According to the Financial Rating of the Armenian Banks, on April 1, 2017, prepared by the IA ArmInfo, in the credit portfolio of the ACBA-Credit Agricole Bank, the SME account for over 19% or $ 77.5 million (37.5 billion AMD) with an annual growth of 5%, only for the first quarter 2017 by 7.2%. In total investments of banks in this sphere, the share of ACBA-Credit Agricole exceeds 6%. "ACBA-Credit Agricole Bank" CJSC has been operating in Armenia since 1995. Since September 2006, the largest European banking group Credit Agricole SA has been the majority shareholder of the bank. With a 15.56% equity interest, followed by the participation of SJSC Sacam International (a member of the Credit Agricole SA group) in the amount of 12.44%, along with which there are 10 regional Unions of Villagers' Mutual Assistance). In terms of coverage of the branch network, the bank is included in the TOP-5, and the number of regional branches holds the third position. According to the main balance sheet indicators, ACBA-Credit Agricole Bank holds positions in TOP-5.

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Issue volume

10 billion

Volume of T-bills for placement

200 million

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200 million

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200 million

Yield at cut-off price

 5.8314%

Maximum yield

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Мinimum yield

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 5.8314%

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The maturity date of T-bills

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