ArmInfo. Within the framework of the events <New format of community development> ACBA-Credit Agricole Bank announced a financing program aimed at increasing energy efficiency and developing infrastructures. As the press service of the Bank reports, the program is implemented in cooperation with the Government of the Republic of Armenia and the Renewable Energy and Energy Efficiency Fund.
According to the source, the financing will be carried out in national currency, without commission, with an annual interest rate of 9% and a maturity of up to 5 years. The bank has already started issuing loans, and even there is a completed project.
Deputy Minister of Energy and Natural Resources Hayk Harutyunyan noted: "ACBA-Credit Agricole Bnak is the only bank that actually takes risk, but investments in the development of community infrastructures are covered by savings, which makes it easy to take such a step."
The Chief Executive Officer of the Bank Hakob Andreasyan noted that in order to ensure sustainable and sustainable development of communities it is necessary to solve the problem with infrastructures. In this regard, the first and important step, he said, is the creation of environmentally friendly energy-generating and energy-saving infrastructures in communities, which the Bank is already financing. He also added that the business entities involved in business in the communities will not be left out of attention. "We intend to support business in all possible areas, both in terms of financing, and in terms of effective business management and in the matter of creating additional sources of profit," he concluded.
"ACBA-Credit Agricole Bank" has been operating in Armenia since 1995. The majority shareholders of the bank are: the largest European banking group Credit Agricole S.A. with a 15.56% interest in the capital, after which SJSC "Sacam International" (a member of Credit Agricole S.A) - 12.44% followed by the size of participation, "ACBA Federation" CJSC - 71%.