YEREVAN, November 16. /ARKA/. The Central Bank of Armenia registered ACBA-Credit Agricole Bank’s new branch, Charentsavan, today, the central bank’s press office reports.

After this registration, the number of ACBA-Credit Agricole Bank’s branches reached 43.
Now 21 banks with their 465 branches operate in Armenia.

ACBA-Credit Agricole Bank was established in 1996 as part of European Union’s TACIS program. French Credit Agricole S.A. holds 15.56% of the bank’s shares and SACAM International JSC 12.44%. The remaining shares belong to farmers’ unions in Armenia’s ten provinces, including Armavir (14.08%) and Ararat (12.28%). --0----

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VTB Bank (Armenia) said Wednesday it opened its newly renovated branch Arabkir in Yerevan, Azatutyun 20/37

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