ArmInfo. In order to stimulate the development of SMEs in Armenia, ACBA-Credit Agricole Bank, within the framework of the new format of "My Business, My Bank" campaign, will present to its customers the products of its partners, in particular, Armenian teas, dried fruits, honey, drinks, and cosmetics. ArmInfo was informed about this in the press service of the bank.
Suren Hovhannisyan, Head of SME Department at ACBA-Credit Agricole Bank, noted that at the moment the products of partners are presented in three branches, but the program will be expanded in the future. <Given the large flow of customers in the branches, this initiative will give our partners an additional opportunity to make their business and products more recognizable, as well as find new partners, "he said.
According to Hovhannisyan, for the past 5 years, ACBA-Credit Agricole Bank has also been helping agricultural business entities to undergo organic certification, which creates an additional competitive advantage for exporting goods to Europe and other areas. Free business seminars organized by the bank are held, as he noted, in order to familiarize SMEs with competent business practices and management mechanisms that will allow them to develop their business more confidently and without risks.
The goal of the "My Business, My Bank> campaign, launched in 2018, is, in addition to financial solutions for SMEs, to also provide a package of non-financial services. According to the source, financial and non-financial services are combined here for the first time.
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%.