YEREVAN, June 21. / ARKA /. In order to assist thousands of farmers in Armenia’s Armavir province whose crops were destroyed by a powerful hailstorm on May 12 the ACBA-CREDIT AGRICOLE BANK has donated 41 million drams to a special fund set up by the government as part of its efforts to repair the devastation caused to the region’s agriculture. Of that amount 11 million were raised by the Bank’s staff, ACBA-CREDIT AGRICOLE BANK said in a press release today.

According to the press release, the Bank is working currently to extend the repayment period of outstanding loans that were provided to farmers in 45 rural communities, to establish individual repayment schedules, as well as offer additional lending. These processes are expected to be completed in June and July, it said.

"Agricultural lending has always been a priority of the Bank, and to this day ACBA-CREDIT AGRICOLE BANK is the leader in this sector, providing annually more than 30 billion drams in agricultural loans," the press release said.

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All the clients of ACBA ON-LINE can use this service also for paying their utility bills without visiting the bank, the press office of ACBA-CREDIT AGRICOLE BANK told ARKA News Agency on Friday

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All ACBA ON-Line clients can now open current accounts free of charge, ACBA-CREDIT AGRICOLE BANK reports Thursday

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ACBA-Credit Agricole Bank starts issuing American Express Blue Plastic cards.

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ACBA-Credit Agricole bank awarded Citibank’s quality recognition award 2010 for ensuring high quality remittances.

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IFC and ACBA Credit Agricole bank sign $20 million loan agreement to support small and medium businesses.

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Armenian president commends ACBA – Credit Agricole Bank for its input in Armenian economic development

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The Central Bank of Armenia has registered Vardenis, ACBA-Credit Agricole Bank’s new branch, the central bank’s press office reported on Wednesday.

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ACBA-Credit Agricole bank enjoys exclusive right to serve American express cards in Armenia

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ACBA-Credit Agricole Bank’s credit portfolio reached AMD 90.1 billion by late December 2009 against AMD 82.9 billion by the end of 2008, Stepan Gishyan, executive director general of the bank, said Tuesday at a press conference.

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