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Russian ambassador about pressure on Armenia: It is impossible to achieve the necessary result by exerting pressure on either of the parties

Eduard Sharmazanov: Baku's statements that Armenia produces nuclear weapons are insanity

Heritage: New Electoral Code fails to enhance public confidence in electoral processes

Eduard Sharmazanov: Samvel Babayan has the right to conduct any activities within the limits of the law

Seyran Ohanyan on Samvel Babayan's return: His heroic deeds are not forgotten

ACBA-Credit Agricole Bank launches ACBA Ticket free mobile app aimed at ensuring efficient customer service at branches

Yerevan hosts an exhibition of German artist Stefan Schwarzer's paintings

Deputy Minister: Modern cancer center to open in Armenia by late 2016

Armenian Ombudsman informs CoE Commissioner for Human Rights of atrocities committed by Azerbaijani Armed Forces

Fuel Company of Rosatom TVEL and Global Nuclear Fuel Sign Agreement to License and Supply TVS-K Fuel in U.S.

President Sargsyan and Head of "Russian Railways" discussed modernization of Armenian railway infrastructure

Baku to "blacklist" Bulgarian lawmakers for visiting Nagorno-Karabakh

Optimization goes full speed: Armenian government refused 30 cars over week

Edward Nalbandian: Armenia-Artsakh agreement on mutual military support is being elaborated

Nalbandian responds to Switalski

Samvel Babayan: I am back to Artsakh and it is for the people to decide the rest

NKR Defense Army soldier killed

Komatsu mining equipment presented at Teghout

Situation on Armenian-Azerbaijani border was mostly peaceful overnight

Azerbaijani armed forces resume fire overnight

UCom CEO: Future of telecommunications field is in providing convergent services

Beeline launches an upgraded landline network upgraded with wireless technology and 450 MHz

Armenian reconnoiter: Largely discussed 700-800 ha are neutral zone between dug positions

Vivacell-MTS has replenished range of smartphones offered within "STARTPHONE" tariff plan with 9 new models

Rostelecom Armenia summed up results of the 1st round of annual "Technology for Life -More Opportunities" contest

Military Prosecutor's Office of Armenia investigates information about sale of Armenian Armed Forces' tinned food in Poland

Areximbank-GPB Group sums up results of "8 gifts by March 8" campaign conducted jointly with MasterCard

Transport ministry: Gagik Beglaryan has no bodyguards and he is not implicated in beating of people

Aim of OSCE MG Co-Chairs is to lay groundwork for negotiations that can lead to a comprehensive settlement, Warlick

Central Bank: By 1 April 2016 overdue loans in Armenian banks grew by 22.5% over year

Vladimir Yevseyev: Updated Madrid Principles will not be implemented until the armed conflict is frozen

Mass Media: Bodyguards of Transport Minister detained under case over beating of businessman's son Sergey Abovyan

Stepanakert: The territories the Armenian side lost in April were mostly part of the buffer zone around Nagorno Karabakh

Federica Mogherini says next annual Eastern Partnership Foreign Ministers' meeting will be held in spring of 2017

Seyran Ohanyan has not met with Samvel Babayan

PACE Co-rapporteurs: Those responsible for atrocities in Karabakh conflict zone should be held fully accountable

Expenses of Armenian President's Administration up 10% in 2015

Prime minister: Supply of Russian weaponry to Armenia launched

Serzh Sargsyan and Seyran Ohanyan to discuss Karabakh problem in presidential residence tonight

Two-fold growth of loan restructuring applications registered in VTB Bank (Armenia)

Head of Armament Unit of Armenia's Armed Forces dismissed

Sharmazanov: Genocide of Christians in Ottoman Turkey, IS actions and Azerbaijani aggression have same handwriting

Ex-president of Armenia included in list of candidates for election to the new Board of Directors of JSFC Sistema

Mammadyarov: Status quo in Karabakh conflict may lead to severe military clashes

Trial over case of the cardboard tank that "crashed" into NSS building is still going on

Tatoul Manaseryan: Top power branches have a great number of caterpillars

Штормовой ветер срывал крыши домов и не на шутку напугал жителей Еревана

Armenian President attends ceremony of unveiling of Memorial to Marshal Hamazasp Babajanian

Bostanjyan calls for reducing all expenses having no crucial significance to state

OSCE PA Special Representative for South Caucasus arrives in Armenia

Regional

ACBA-Credit Agricole Bank issues student loans within 15 minutes

  • by Erik Abrahamyan

  • Friday, August 29, 02:20

 ACBA-Credit Agricole Bank has issued over 31 thousand student loans over the past ten years. The press service of the Bank has told ArmInfo that the lending procedure for students is considerably facilitated now - the loan is provided within 15 minutes only. 

To receive the loan, students need to submit a letter from the education institution, the IDs of the students and the borrowers and their social cards. When receiving this loan, the borrower gets the following privileges: free VISA Student card not only for the borrower but also for his/her friend; participation in a drawing that allows winning the tuition fee, a Notebook or an iPad; for excellent progress in studies 20% of the interest paid may be refunded to the student's card. The loan is provided in Armenian drams for 3-12 months at 18% p.a. The maximum amount of the loan is 1 mln AMD. 

According to the Analytical Review "Armenian Banks in Card Business" prepared by ArmInfo, ACBA- Credit Agricole Bank is among the TOP-5 banks in terms of the total active cards (about 160 thsd, including over 90 thsd local ArCa cards, about 47 thsd Visa cards and over 20 thsd MasterCards). Over 57% of the total active cards fall on payroll card programs. ACBA-Credit Agricole Bank issues and services local ArCa cards and international Visa and MasterCards. By the number of active ArCa cards, the Bank is among the TOP-3, by the number of Visa and MasterCards it is among the TOP-5, and by the payroll card programs the bank is ranked 2nd. The Bank is ranked 2nd in terms of plastic transactions (about 140 bln AMD in 2013 (15% y-o-y growth), including about 115 bln AMD ATM transactions) and it is in the lead in the number of ATMs and POS terminals (187 and 1210, respectively). The Bank has been the exclusive partner of American Express for almost 4 years. -n-

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