YEREVAN, October 6. / ARKA /. Acting through its subsidiary ACBA Leasing, ACBA-CREDIT AGRICOLE BANK was the chief sponsor of the traditional Harvest Festival in the Lori region of Armenia, the press service of the bank told ARKA.

It said the Harvest Festival started with a prize drawing with the regional administration and ACBA CREDIT AGRICOLE BANK officials handing symbolic prizes and diplomas. The grand prize was handed to the Spitak community.

Voskan Zakaryan, the manager of the bank's Lori branch is quoted as saying in a press release that this festival is the celebration of the crops, grown by local farmers. "Naturally, we could not fail to be next to them,’ he said.

The head of ACBA Leasing Arsen Bazikyan stressed the importance of their work saying they can be useful to Armenian farmers by offering the latest agricultural innovations, providing them with opportunity to improve the efficiency of their work and reduce the costs at the expense of high quality leasing services.

A special pavilion set up by ACBA-CREDIT AGRICOLE BANK at the Harvest Festival collected all the proposals of the farmers.

ACBA was established in 1996 as part of EU’s TACIS program. As a result of a long-term and mutually beneficial cooperation between ACBA Bank and the French Credit Agricole the latter became the biggest shareholder of ACBA in 2006, September. ACBA was restructured, becoming a closed joint stock company and was renamed ACBA CREDIT AGRICOLE BANK. -0-