ArmInfo. In Armenia, the total volume of plastic transactions slowed down the y-o-y growth from 32.5% in 9 months of 2020 to 21.6% in 9 months of 2021, amounting to  2.3 trillion AMD (including transactions abroad with cards of  Armenian issuing banks). This is evidenced by the data of the RA  Central Bank.

ArmInfo."Amundi-ACBA Asset Management" company and the RA Ministry of Labor and Social Affairs signed a memorandum of cooperation. As noted in the message of the  company, within the framework of cooperation "Amundi-ACBA Asset  Management" from its profits will provide 10 thousand euros for the  study of the strategy of introducing a social housing system in  Armenia.

ArmInfo. Chief Executive Officer  of ACBA-CREDIT AGRICOLE BANK Hakob Andreasyan was awarded the French National Order of Merit. On behalf of the President of France, the award was presented to the head of the Bank by the  Ambassador Extraordinary and Plenipotentiary of France to Armenia  Jonathan Lacote.

ArmInfo. By April 1, 2021, there were over 2.5 million cards in the plastic market of Armenia, with a slowdown in y-o-y growth to 3.5% from 20.8% in the same period of  2020. And most of them are debit and payment cards - 50.5% and 40.2%,  respectively, and credit accounts for only 9.3%, but annual growth is  observed in debit cards (by 13%), while settlement and credit in  decline (by 4.7-4%). This is evidenced by the data of the RA Central  Bank.

ArmInfo. In Armenia, during  implementation of leasing agreements, organizations previously used  different approaches, but from now on, thanks to changes in the Civil  and Tax Codes, a common methodology will be in effect, which will  allow transferring the regulation of the sector from the contractual  to the legislative field. Arsen Bazikyan, Co-Founder & CEO at  Armenian Leasing Company, stated this at a press conference on August  6.

ArmInfo. In Armenia, the share of  non-cash card transactions remained at the level of 30% in the total  volume of plastic transactions by July 1, 2020. But the y-o-y growth  in the volume of non-cash card transactions slowed down from last  year's 48% to the current 38%, amounting by the results of the first  half of this year to 351 billion drams ($ 728 million). The  preservation of the share, despite the slowdown in volumes, is due to  the activity of Internet commerce, the popularization of mobile and  web applications by banks and Armenian Card, and such effective  measures to encourage non-cash transactions as CashBack. According to  the data of the Central Bank of the Republic of Armenia, five years  earlier (H1 of 2015), the share of non-cash transactions in the total  volume of plastic transactions was 12%, and by July 1, 2019 it had  reached 24%.

ArmInfo.It is very important for the Armenian economy to develop the adaptive capacities of the business sector in the new situation. Arsen Melkonyan, Deputy CEO at ACBA-Credit Agricole Bank for Business Operations, expressed this  opinion.

ArmInfo. "I do not think that the pension reform is untimely, since today the share of citizens in terms of social payments accounts for only 2.5%," Vigen Shahnazaryan, a leading expert of the Financial System Regulation Department of the Central Bank of Armenia, said during a conference initiated by the  Club of Economic Journalists of Armenia.

ArmInfo. In the H1 of 2020, the  banking system of Armenia allocated 26.7 billion drams or $ 55.4  million to the state treasury through taxes, which is 9.2% lower than  the indicator a year ago. Of this amount, over 86.5% or 23.1 billion  drams was paid under direct taxes (including income tax and tax on  profits), with a y-o-y  decline of 17.5%. According to the data of  the RA State Revenue Committee, in the total volume of payments of  1000 large taxpayers in Armenia, the share of 17 banks is 5.4%.

ArmInfo. ACBA-Credit Agricole Bank has signed a loan agreement with the European Bank for Reconstruction and Development (EBRD) for $ 20 million, which will be used to finance micro, small and medium-sized enterprises affected by COVID-2019.

ArmInfo.As part of the joint program of ACBA-Credit Agricole Bank and NABU (German Conservation and Biodiversity Union), "Darman" tea, produced in the Tavush region, received a certificate of organic production. According to the press  service of the ACBA-Credit Agricole bank, the producer of organic  <Darman> tea Gnel Nazanyan is already exporting his production to the  markets of the Russian Federation, the USA and France.

ArmInfo. The average annual return on assets by type of funds managed by RF Amundi-AKBA Asset Management is at a fairly high level - within 8.7-9.1% (from the  moment of creation).

ArmInfo.  With the exception of a  general approach to help mitigate the socio-economic consequences of  coronavirus, in particular revising loan maturities and government  support measures, ACBA-Credit Agricole Bank discusses other support  programs for the most vulnerable groups of customers, which is the  Bank's internal approach. This was stated by Hakob Andreasyan, CEO of  the Bank.

ArmInfo. ACBA-Credit Agricole Bank, working in a special mode, continues the process of lending to SMEs and the agricultural sector, as well as implements programs  aimed at their development. According to the press service of the  Bank, since the beginning of 2020, the Bank has provided loans in the  field of agriculture for 13.9 billion drams, of which 5.2 billion in  March alone. The total loan portfolio of SMEs amounted to 12.4  billion drams, of which 5.4 billion - in March.

ArmInfo.The process of lending to agriculture in Armenia has already begun. The Prime Minister of the Republic of Armenia Nikol Pashinyan announced this live on his  Facebook page.  In this regard, he noted that banks started lending  to farmers.

ArmInfo.ACBA-CREDIT AGRICOLE BANK has allocated 25 million AMD for prevention and treatment of a new type of coronavirus in Armenia. Of these, 2 million drams were donated exclusively by Bank employees.

ArmInfo.Fitch Ratings has  affirmed ACBA-Credit Agricole Bank CJSC's (ACBA) and Ardshinbank  CJSC's (Ardshin) Long-Term Foreign- Currency Issuer Default Ratings  (IDRs) at 'B+' with Stable Outlooks.  The banks' IDRs and senior debt  ratings are driven by their intrinsic strength, as captured by their  'b+' Viability Ratings (VRs).

ArmInfo.As of March 16, the Central Bank of Armenia did not make any decisions on suspension of the work of branches of commercial banks of Armenia. This was  reported by the press service of the CBA.

ArmInfo.ACBA-Credit Agricole Bank, based on the situation of the spread of the coronavirus and worrying about its employees and customers, decided not to apply  fines and penalties in case of non-fulfillment of loan obligations by  individuals and legal entities from March 16 to April 30 inclusive  (dates may be revised).

ArmInfo. In Armenia, the number of plastic cards increased by January 1, 2020 by 18.1% per annum - up to 2.4 million units, against almost similar growth a year  earlier (by 18%). And the total volume of plastic transactions slowed  down the growth from 22.6% in 2018 to 21.3% in 2019, exceeding 2.3  trillion AMD. This is evidenced by the data of the Central Bank of  Armenia.