ACBA-CREDIT AGRICOLE Bank continues to finance SMEs and agriculture

10.04.2020 18:39
ACBA-CREDIT AGRICOLE Bank continues to finance SMEs and agriculture

YEREVAN, April 10. /ARKA/. The ACBA-CREDIT AGRICOLE BANK continues to operate in a special mode providing financial assistance to SMEs and the agricultural sector, as well as implementing a string of programs designed to help them boost their development, the bank’s press service reported today.

"Working in an emergency mode, we have not stopped funding the areas, which are important and strategic for the country and its society. Now, one of our most important tasks is to ensure the proper financing of the SMEs and agriculture," the bank said in a press release.

As one of the largest creditors of Armenia's agricultural sector and being aware of all the risks caused by the current situation, the bank continues the natural process of lending to the agricultural sector.

"Our customers can fill out applications for loans online, which will further accelerate and facilitate the lending process and minimize personal contacts between our employees and customers," the bank explained.

From the beginning of 2020 to this day, the bank has provided loans to the agricultural sector to the tune of 13.9 billion drams, of which 5.2 billion drams in March. The lending to SMEs amounted to 12.4 billion drams, of which 5.4 billion drams in March.

The Bank continues the uninterrupted process of financing these areas, participating in government programs to neutralize the economic consequences of the coronavirus outbreak, in particular, subsidizing agricultural and SME loans, co-financing SME loans and refinancing SME loans.

The bank said to submit online applications for agricultural loans visitors should visit here. Applications for SME loans can be sent online from here.

In case of questions, customers can call the bank’s round-the-clock numbers at 010 31 88 88, 010 31 99 99 or write a message on the bank’s Facebook page.

ACBA was established in 1995 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----

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