Acba Bank

Last updated
Acba Bank
Company type OJSC
Industry Banking, Financial services
Founded1996
Headquarters Yerevan,
Number of locations
65 branches (2025 [1] )
Key people
Hakob Andreasyan (CEO)
Products Credit cards, consumer banking, corporate banking, investment banking, mortgage loans
Total assets
OwnersSacam International SJSC (5%); "ACBA FEDERATION" CJSC (95%) [1]
Number of employees
1501 (2018 [1] )
Website www.acba.am

The Acba bank was established in 1996, within TACIS program of the European Union. It is the biggest bank in Armenia for agriculture financing, especially in rural areas. [2] [3] It has 65 branches countrywide and had its IPO in 2021. [3] [4]

See also

Related Research Articles

This article considers transport in Armenia.

<span class="mw-page-title-main">Foreign relations of Armenia</span>

Since its independence, Armenia has maintained a policy of trying to have positive and friendly relations with Iran, Russia, and the West, including the United States and the European Union. It has full membership status in a number of international organizations, such as the Council of Europe and the Eurasian Economic Union, and observer status, etc. in some others. However, the dispute over the Armenian genocide of 1915 and the ongoing Nagorno-Karabakh conflict have created tense relations with two of its immediate neighbors, Azerbaijan and Turkey.

<span class="mw-page-title-main">United Labour Party (Armenia)</span> Political party in Armenia

The United Labour Party (ULP) is a social-democratic political party in Armenia. It is led by Gurgen Arsenyan.

<span class="mw-page-title-main">Crédit Agricole</span> French financial services company

Crédit Agricole Group, sometimes called La banque verte, is a French international banking group and the world's largest cooperative financial institution. It is the second largest bank in France, after BNP Paribas, as well as the third largest in Europe and tenth largest in the world. It consists of a network of Crédit Agricole local banks, 39 Agricole regional banks and a central institute, the Crédit Agricole S.A.. It is listed through Crédit Agricole S.A., as an intermediate holding company, on Euronext Paris' first market and is part of the CAC 40 stock market index. Local banks of the group owned the regional banks, in turn the regional banks majority owned the S.A. via a holding company, in turn the S.A. owned part of the subsidiaries of the group, such as LCL, the Italian network and the CIB unit. It is considered to be a systemically important bank by the Financial Stability Board.

The Armenia Stock Exchange (AMX), formerly known as NASDAQ OMX Armenia and the Armenia Securities Exchange, is the only stock exchange currently operating in Armenia. It is located in Yerevan, the capital city. The state regulatory authority for the stock exchange and the Armenian securities market is the Central Bank of Armenia (CBA). Instruments currently traded on AMX include stocks, corporate bonds, government bonds, currency, SWAP and REPO on corporate securities.

<span class="mw-page-title-main">Amundi</span> French asset management firm

Amundi is a French asset management company. With €2.2 trillion of assets under management (AUM) in 2024, it is the largest asset manager in Europe and one of the 10 biggest investment managers in the world.

<span class="mw-page-title-main">Armenian National Congress</span> Political party in Armenia

The Armenian National Congress is an Armenian political party led by former president Levon Ter-Petrosyan and was formed in 2008. Its direct predecessor was the Pan-Armenian National Movement. It is often abbreviated as ՀԱԿ or HAK, in keeping with its Armenian spelling, but it is occasionally referred to as the ANC in English, including on its official website.

<span class="mw-page-title-main">Vahagn Khachaturyan</span> President of Armenia since 2022

Vahagn Garniki Khachaturyan is an Armenian politician who is the 5th and current president of Armenia. He served as Mayor of Yerevan from 1992 to 1996 and as the Minister of High-Tech Industry from 2021 to 2022.

Crédit Agricole Carispezia S.p.A. formerly known as Cassa di Risparmio della Spezia S.p.A., or Carispezia in short, is an Italian savings bank, which is part of Crédit Agricole Italia, the Italian arm of French banking group Crédit Agricole.

Armenian Liberal Party is a liberal political party in Armenia. The leader of the party is Hovhannes Hovhannisyan.

<span class="mw-page-title-main">Electricity sector in Armenia</span>

The electricity sector of Armenia includes several companies engaged in electricity generation and distribution. Generation is carried out by multiple companies both state-owned and private. In 2020 less than a quarter of energy in Armenia was electricity.

INECOBANK is one of the leading South Caucasus banks, headquartered in Yerevan, Armenia. The bank offers a full range of banking services, including digital banking services to individuals, SME and corporate clients. The bank was founded on February 7, 1996, licensed by CBA General banking license No. 85).

<span class="mw-page-title-main">Chief of the General Staff (Armenia)</span> Highest ranking military office of armenia military force

The Chief of the General Staff of Armenian Armed Forces is the highest-ranking military officer of the Armed Forces of Armenia, who is responsible for maintaining the operational command of the military and its three major branches.

<span class="mw-page-title-main">Christian-Democratic Rebirth Party</span> Armenian political party

The Christian-Democratic Rebirth Party, also known as the Christian Democratic Movement of Armenia or the Christian Democratic Party, is a Christian democratic political party in Armenia, founded on 15 September 2018.

ArmCosmos, commonly known as the Armenian Space Agency, is an Armenian private agency responsible for the development of Armenia's commercial space industry, coordinating domestic activities, identifying opportunities and facilitating international space engagement, on behalf of the Government of Armenia. Its headquarters are located in Yerevan, Armenia.

<span class="mw-page-title-main">Central Depository of Armenia</span>

The Central Depository of Armenia (CDA) is the Central Depository of Armenia, established in 1996. The CDA is one of the oldest securities market institutions in the country and is headquartered in Yerevan. The Central Bank of Armenia is the regulatory body of the CDA. The CDA is a full member of the Federation of Euro-Asian Stock Exchanges.

References

  1. 1 2 3 4 "ACBA Financial Report 2018" (PDF). 2019. Retrieved 28 June 2020.
  2. "Fitch assigns a 'В+' rating to ACBA-CREDIT AGRICOLE Bank". PanARMENIAN.Net. Retrieved 25 June 2018.
  3. 1 2 "EBRD provides local currency loan to Armenia's ACBA-Credit Agricole Bank". armenpress.am. Retrieved 25 June 2018.
  4. "Dimension Investments is chosen by ACBA Bank as the Sole Market Maker of its Common Shares listed on AMX". armenpress.am. Retrieved 2022-08-19.