Friday, September 20 2019 17:50

ACBA-Credit Agricole Bank will continue to promote SME development

ACBA-Credit Agricole Bank will continue to promote SME development

ArmInfo. ACBA-Credit  Agricole Bank in the framework of cooperation with the European Fund  for Southeast Europe (EFSE) takes part in the EFSE MEETING 2019forum  being held in Belgrade.

According to the bank's press service, the subject of discussion,  which was attended by about 300 representatives of international  financial institutions and investors, was the development prospects  of micro and small enterprises.

During the forum, Arsen Melkonyan, Deputy Chief Executive Officer of  ACBA-Credit Agricole Bank, spoke about the prospects for the  development of SMEs in Armenia and the non-financial services of the  bank aimed at this. "The bank, in addition to financial services for  SMEs, has been conducting free seminars for 5 years, which currently  cover 13 different topics. Thus, the bank helps SME entrepreneurs  improve their business management, stimulate sales, increase the  efficiency of marketing operations and, in general, to form a new  management culture. We highly value the trust of our partners and are  proud of all their achievements, "he said.

According to the source, the cooperation of ACBA-Credit Agricole Bank  and EFSE was launched in 2013 with the aim of promoting the  development of micro, small and medium-sized enterprises.

To recall, ACBA-Credit Agricole Bank CJSC has been operating in  Armenia since 1995. The shareholders of the bank as of July 1, 2019  are: SJSC Sacam International (a member of the Credit Agricole S.A  group) - 5% and ACBA Federation CJSC - 95%.

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