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Serzh Sargsyan: It might have been possible to prevent the crimes committed under veil of WWII had the crimes against humanity committed during WWI earned unequivocal international condemnation

Newspaper: Permyakov was not acquainted with Avetisyans family

India Ambassador to Armenia welcomes level of bilateral cooperation

Expert: Russia's every decision directly affects Armenia

Richard Giragosian: After aligning with EEU, Armenia faced security threats

Police: Valery Permyakov might have acted not alone

Armenian FM: Armenia's stance on Karabakh is similar to that of Russia, France and the United States

President of Armenia: We have prepared many surprises for hotheads in Azerbaijan

Expert: Defense capability of Armenian armed forces is much higher than offensive ability of Azerbaijan

Armenian FM: Armenia and Russia are unanimous that trial of the Gyumri murder case must be transparent

Political expert: Azeri provocations on the border occur following tragic events in Gyumri

Expert: Turkish president will not change his rhetoric on threshold of Centenary of Armenian Genocide

Edward Nalbandian: Doubts about Baku's reasonableness are growing with every passing day

SME representatives demand that Armenian Government should suspend Law "On Turnover Tax"

Three Azeri soldiers killed and two wounded as a result of ceasefire violation by Azerbaijan

Turcologist: No serious events in Armenia on threshold of Centenary of Armenian Genocide are observed yet

NATO plays no role in Karabakh conflict settlement but supports OSCE Minsk Group's efforts

Armenia's Defense Ministry: It was relatively calm on NKR-Azeri contact line last night

Retail gasoline prices drop again in Armenia

Over 20 members of ARFD break away from the party

Armenian MP: EBRD's forecast that Armenian economy will stagnate in 2015 was a political put-up job

Armenia's Defense Ministry: Armenian armed forces destroy a group of Azeri raiders in Tavush region

Armenia's involvement in Eurasian Economic Union does not look too promising

German Government considers Armenia's invitation to attend Apr 24 commemorations of 100th year of Armenian Genocide

Mammadyarov to meet with OSCE Minsk Group Co-Chairs in Krakow

A bas-relief of Lord George Gordon Byron inaugurated in downtown Yerevan near the head office of ACBA-CREDIT AGRICOLE BANK

Andrzej Kasprzyk: We are concerned over the situation at the line of contact

BirthLink and VivaCell-MTS continue their partnership to improve neonatal care in Armenia

Ameriabank signed the 80th deal under EBRD TFP

VTB Bank (Armenia) joins new system of money transfers BEST

ARDSHINBANK has strengthened its position among the top three of the banking system by all key indicators

Pascal Meunier: OSCE MG co-chair countries want resumption of dialogue

Reiner Morell: Germany is ready to show aid in Karabakh settlement whenever is a need

Each country is free to choose what event to attend, German Ambassador says on Erdogan's invitation

Armenian analyst: Azerbaijan may attack Artsakh and Armenia only if Russia gives it appropriate guarantees

Germany to continue its policy aimed at strengthening cooperation with Armenia

Robert Kocharyan: Armenia needs drastic changes but not a constitutional reform

Armenian Defense Ministry: Armenia's retaliatory measures to Azeri provocation will be tougher

Armenian expert: The tense situation in the Nagorno-Karabakh conflict zone has own logic of development, which has nothing to do with Russia- West relations

Seyran Ohanyan considers full-scale military operations in Karabakh conflict zone to be low probable

Two Armenian servicemen killed as a result of a new Azeri sabotage attack

Member of Russian parliament does not rule out handing over of Permyakov to the Armenian party

Armenian expert: The tense situation in the Nagorno-Karabakh conflict zone has own logic of development, which has nothing to do with Russia- West relations

Angela Merkel falls victim of Azerbaijani misinformation

Edward Sharmazanov: Traditionally, Baku distorts both the reality and the negotiating process

ProCredit Bank appears with innovative and modern solutions

Analyst: It is the West rather than Russia that can be considered Armenia's ally restraining Azerbaijan and Turkey

USAID-FED: Armenia need radical reforms in SME financing

Parliamentary hearings on the Avetisyans' murder case fail to give answers to the public's questions

ACBA-Credit Agricole Bank issues student loans within 15 minutes

  • by Erik Abrahamyan

  • Thursday, August 28, 21:20

 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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