YEREVAN, September 28. /ARKA/. Amundi-ACBA Asset Management and Armenia’s Ministry of Labor and Social Affairs signed a memorandum of cooperation, Acba bank said in a press release today.

It said as part of cooperation, Amundi-ACBA Asset Management will allocate 10 thousand euros from its profits for the study of a strategy for introducing social housing system in Armenia.

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Acba bank, MobiDram, which is the financial subsidiary of the leading mobile operator of Armenia Viva-MTS and the Future Payments Systems have launched Just QR innovative financial system of contactless payments, Acba bank said in a press release

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The Acba bank has opened its 63rd branch in Garage Mall, located at 1, Mazmanyan Street in Yerevan. The new branch will offer the full range of Acba Bank’s services

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As a result of cooperation between Acba bank, ACBA Leasing and the Green Economy Financing Facilities (GEFF) Program of the European Bank for Reconstruction and Development (EBRD), some $5 million will be distributed for the development of the ‘green economy’ in Armenia through financing business projects in such areas as energy efficiency, climate change adaptation and renewable energy sources, Acba bank said today

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Acba Bank and the European Bank for Reconstruction and Development (EBRD) signed a loan agreement in the amount of $10 million. According to Acba bank press service, the funds provided by the EBRD will be channelled into financing green farms, micro, small and medium-sized businesses in Armenia. The attracted funds will be allocated both in Armenian drams and in US dollars

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Armenia’s private sector will benefit from new resources for green financing thanks to a US$ 10 million financial package put together by the European Bank for Reconstruction and Development (EBRD) in cooperation with the European Union (EU) and the Green Climate Fund (GCF) to facilitate the private sector’s transition to more sustainable, low-carbon and climate-resilient practices, EBRD said today in a press release

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The Chief Executive Officer of Acba bank Hakob Andreasyan has been awarded the National Order of Merit (Ordre National du Mérite) on behalf of the President of France, the press service of the bank reported today.

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Fitch Ratings has affirmed the Armenia’s ACBA BANK Open Joint-Stock Company’s (ACBA) Long-Term Issuer Default Rating (IDR) at ‘B+’ with a Negative Outlook. A full list of rating actions is at the end of this commentary

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How to grow a successful business, to manage and control costs correctly? For 7 years already, Acba bank has been conducting free business trainings, providing participants not only with knowledge of business management and development, but also with experience, the press service of the bank said

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Acba bank is placing coupon book-entry bonds through public offering to the tune of $3,000,000 (three million) US dollars and 2,000,000,000 (two billion) Armenian drams with 4.1% and 9.5% yields, respectively, the press service of the bank reported

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