Achievements of the Bank

Bank with workers eyes


About the bank

Since 1996, ACBA-CREDIT AGRICOLE BANK has demonstrated stable development rate and is currently among the biggest and most sustainable banks of Armenia. 

Thanks to its financial stability and reliability, the bank has obtained great reputation and credibility both in Armenia and among international financial community.

Various international financial and agricultural organizations have been demonstrating great interest and readiness to cooperate. Favorable conditions for cooperation with international companies have been created also because of the fact that part of them views the bank as a tool for financial programs, while another part views it as a tool for implementing agricultural programs.

The operation of the bank has been primarily focused on financing agriculture in Armenia. In 1996, only short-term seasonal agricultural loans were provided by the bank. During the years following its establishment, the bank gradually started to provide also loans for non-agricultural programs implemented in the area of agriculture, and in 1999 it started to issue loans for the development of small and medium businesses. Currently, the bank offers various universal crediting products, and presently it is one of the leaders in the banking sector of Armenia in regard to the volume of lending investments in the real sector of the economy. Lending investments are in the focus of the prospective development plans of the bank.

For five years (2000, 2001, 2002, 2006, 2008), «The Banker» magazine of the authoritative British financial organization the Financial Times has acknowledged the bank as the year’s best bank operating in the territory of Armenia. Moreover, for 4 consecutive years the bank has been recognized as the best dealer in the government notes market according to the joint assessment of the Central Bank of Armenia and the Ministry of Finance and Economy.

In 2010 ACBA-CREDIT AGRICOLE BANK CJSC was named as the most dynamically developing partner of Bistraya Pochta and Zolotaya Korona international money transfer systems in Armenia.

German Commerzbank AG awarded ACBA-CREDIT AGRICOLE BANK the prize of «Quality Excellence» for the provision of high level international money transfers during 2010.International money transfer transactions processed by ACBA-CREDIT AGRICOLE BANK correspond to international STP (Straight Through Processing) standards, i.e. all transfers are processed automatically excluding human intervention which provides maximum express transfer transaction.ACBA-CREDIT AGRICOLE BANK’s STP indicator reached 99.3 % in 2010.

ACBA-CREDIT AGRICOLE BANK continues the tradition of being the first and in 2011 ACBA-CREDIT AGRICOLE BANK’s loan portfolio exceeded 100 billion AMD for the first time in the history of the RA banking sector.

In regard to the volume of its aggregate capital, the bank is the leader in the banking sector of Armenia.

ACBA-CREDIT AGRICOLE BANK has representations in all Marzes of Armenia. 

Today, the bank performs a range of banking operations, which includes opening and servicing bank accounts, money transfers, issuance of personalized check books, currency exchange, issuance of warrants, as well as origination of commercial, study, consumer, mortgage, renovation, agricultural, deferred-payment loans and pawn-shop loans/loans assured by gold pledge, issuance and servicing of international VISA, MasterCard, American Express® Gold and local ArCa plastic cards.