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ACBA-CREDIT AGRICOLE BANK is revising its lending policy, CEO says

06.12.2016 18:39

ACBA-CREDIT AGRICOLE BANK is revising its lending policy, CEO says

YEREVAN, December 6. /ARKA/. During a meeting with representatives of the business community of the northern Armenian province of Lori at the bank’s regional office ACBA-CREDIT AGRICOLE BANK CEO Hakob Andreasyan said the bank is revising its lending policy.

"For two years we refrained from providing large loans in order to clean and improve our loan portfolio. It was unique for the local banking system; we took that step because of being guided by the principles of responsible business," - he is quoted as saying in a bank’s press release.

On the other hand, Andreasyan said, the package of planned reforms unveiled during recent meetings with representatives of government and international organizations is really impressive.

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