ACBA-CREDIT AGRICOLE BANK continues to create "green" infrastructures in Armenian communities

10.08.2018 17:06
ACBA-CREDIT AGRICOLE BANK continues to create

YEREVAN, August 10. /ARKA/. The Yerevan-based ACBA-CREDIT AGRICOLE BANK said today it continues a program designed to create "green" infrastructures in the communities across Armenia.

Thanks to a financing from ACBA-CREDIT AGRICOLE BANK, energy-efficient infrastructures were created in the Kasakh community. In particular, all community-owned public buildings, including the kindergarten as well as street lighting are provided with electricity from the clean energy infrastructure. As a result the Kasakh community is saving 6 million drams annually and about 105 tons of toxic carbon dioxide are not released into the environment every year.

At present, thanks to the financing of ACBA-CREDIT AGRICOLE BANK, clean energy infrastructures programs are being implemented in 12 Armenian communities. The bank is also considering applications from 30 more communities. Financing is provided exclusively in Armenian drams, without commission, at 9% interest rate per annum and with up to 5 year repayment period. Details on the financing can be found on the bank’s website or by visiting any branch of the bank.

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. ($1 – 481.81 drams). -0-

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