ArmInfo.

ArmInfo.  ACBA Leasing, within the framework of the E-FIX grant program of the EU Research and Innovation Project Horizon 2020, organized and conducted a master class on the theme "Development of energy efficiency in Armenia". The press service of the company told ArmInfo that the main speaker was E-FIX program manager Andreas Karner.

ArmInfo.Total assets managed by two pension funds of Armenia by January 1, 2019 reached 157.2 billion drams ($ 325 million) or 2.6% of GDP (against 1.9% in 2017). This is noted in the annual Financial Stability Report 2018 of the Central Bank of the Republic of Armenia The structure "AMUNDI-ACBA Asset Management Armenia" funds at the end of 2018 looks as follows:: conservative - 77 billion drams (96.6% of the total), balanced - 1.7 billion drams (2.1%), Fixed income - 988 million drams (1.2%). "C-QUADRAT AMPEGA Asset Management Armenia" are distributed among managed funds as follows: conservative - 76.2 billion drams (98.4% of the total), balanced - 749 million drams (1%), Fixed income - 509 million drams (0.6%).

ArmInfo.

ArmInfo. The 5th anniversary was  celebrated by the Amundi-ACBA- Asset-Management pension fund,  established in Armenia by ACBA-Credit Agricole Bank and French  company AMUNDI. According to the press service of Bank ACBA-Credit  Agricole, Amundi-ACBA- Asset-Management manages assets of more than  95 billion drams under the management of Amundi-  ACBA-Asset-Management.In connection with the 5th anniversary,  Amundi-ACBA-Asset-Management intends, with a three-year profit, to  send 40,000 euros for the implementation of cultural and educational  programs to the French University of Armenia and the TUMO Center for  Creative Technologies.Chief Executive Officer of the French company  AMUNDI, Bernard de Wit, said: "Armenia is the first country in the  region that adapted this system and initiated a similar approach in  pension reform. It was quite attractive, so we decided to get  involved in this process and ensure Armenia's exemplary status of the  country in pension reform plan. Other countries in the region have  shown interest in the Armenian accumulative pension system, and in  this context the country is becoming an example. 

ArmInfo. Armenian Prime Minister  Nikol Pashinyan met on May 20 with the Deputy Chief Executive Officer  of AMUNDI Company Bernard de Wit, and the delegation headed by him.  Note that the French company "AMUNDI" is the main shareholder of the  pension fund CJSC "AMUNDI-ACBA Aset Management". 

ArmInfo. On May 20, Vice Premier of  Armenia Mher Grigoryan at a meeting with a delegation of the French  company AMUNDI, which holds a 51% stake in the pension fund  AMUNDI-ACBA Asset Management, stated that the Government is ready to  expand the scope of cooperation.

ArmInfo. In Armenia, the number of plastic cards increased in the Q1 of 2019 compared to the same period of 2018 by 17.3% to 2.094 million pcs, against a growth of 14.9% a year earlier. At the same time, the y-o-y growth of the total volume  of plastic transactions slowed down to 22.5% in the Q1 of 2019 from  27.2% in the Q1 of 2018, making 495.2 billion drams. This is  evidenced by the data of the Central Bank of Armenia.

ArmInfo. The Charitable Foundation summed up the grant competition announced at the beginning of the year, in which applications from 250 private entrepreneurs and companies were received.As the press service of ACBA-Credit Agricole Bank reports, the submitted projects were aimed at the development of the socio-economic, educational and scientific, health and cultural spheres of Armenia.According to the source, as a result of summing up the competition, it was decided to assist 3 organizations: the Armenian Sustainable Development Fund - to create innovative classes for learning French in various regions of Armenia; OO - for the implementation of a comprehensive program for the organization of training, recreation and development of children with different developmental characteristics, their brothers and sisters, children from socially disadvantaged and large families in this administrative district; Vanadzor Museum of Fine Arts.

ArmInfo. ACBA-Credit Agricole Bank, jointly with MasterCard, summed up the results of the competition, which was provided specifically for football fans, by  determining the winners of the most exciting football matches  #myuefacard.

ArmInfo. ACBA-Credit Agricole Bank, as the exclusive partner of American Express in Armenia, is the general sponsor of the annual Yerevan Wine Days festival. According  to the press service of the bank, the festival takes place on May 3  and 4 on Saryan and Moskovyan streets.

ArmInfo. ACBA-Credit Agricole Bank won the nomination "Leading Technologies in the CIS" at the international competition "SAP Quality Awards 2019". The award was  awarded for the successful localization and effective use of the SAP  Success Factors personnel management system as a result of the  digital transformation of the bank, the official statement of the  bank informs.

ArmInfo.The 60th branch of ACBA-Credit Agricole Bank - the capital "Erebuni" opened at the address: Erebuni 23/74. This is stated in the official statement of  the bank.  According to the source, the Erebuni branch will provide  clients with a full range of banking services.

ArmInfo. Ardshinbank extended the deadline for accepting applications for amnesty of fines /  penalties for bad loans until October 1, thereby providing borrowers  with additional time to restructure and refinance debt. As ArmInfo  explained in the press service of the bank, it is a question of  retail loans without collateral classified as bad as of May 31, 2018.

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ArmInfo.

ArmInfo.The RA Ministry of Agriculture, the Office for the Implementation of Programs for the Economic Development of Rural Communities and the DCCA (DICA) Corporation signed a memorandum of cooperation within the framework of the program on subsidizing interest rates on loans to the agri-food sector.According to the press service of the ministry, under this state program, loans to business entities are provided at an interest rate of 5%, agricultural cooperatives - 3%, and for those living in border settlements and receiving social support entities a rate of 0%. 

ArmInfo. Leasing company AGBA Leasing has launched a new legislative initiative, with the adoption of which a new financial instrument will appear in the Armenian  market - commercial real estate leasing. On April 4, the Executive  Director of the AGBA Leasing Arsen Bazikyan said this during a press  conference dedicated to the signing of a memorandum of cooperation  with the Republican Union of Employers of Armenia (RSRA).<I can not  disclose any details. But you know that from the first day of  creation, our company is engaged in lobbying for leasing activities. 

ArmInfo.The leasing company AGBA Leasing and the Republican Union of Employers of Armenia (RSRA) signed a memorandum of cooperation, under which the parties will  contribute to the development and modernization of enterprises, in  particular SMEs, green economy, stimulation of domestic equipment  production, export growth, competitiveness, improved working  conditions and othersAs noted by the Executive Director of the AGBA  Leasing Arsen Bazikyan, cooperation with the RSRA will create an  opportunity for SMEs and employers, including members of the Union,  to receive interesting proposals for business development.

ArmInfo. Today the European Fund for Southeast Europe (EFSE) provided a local currency loan equivalent to USD 10 million to partner ACBA-CREDIT AGRICOLE BANK to support the bank’s efforts in expanding access to finance for micro and small enterprises (MSEs) in Armenia.