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Armenian Foreign Minster says Baku seeks to fail the Karabakh negotiations with its efforts to change their format

Exposition of "Open Game" Championship of Computer and Mobile Games to take place on the 26th of October

French parliamentarian Valerie Boyer introduces new bill criminalizing genocide denial

Beeline and Cafesjian Center for the Arts launch two free of charge education programs

In Jan-Sept 2014 Areximbank-Gazprombank Group registered 63% growth in foreign exchange transfers through SWIFT

Levon Ter-Petrosyan: In Eurasian Economic Union Armenia will not be less sovereign than Russia, Kazakhstan or Belarus

Gagik Tsarukyan says his Party may demand power change

Levon Ter-Petrosyan: Armenia is experiencing a strong wave that seeks change of power and has all chances to succeed

Opposition four parties marching along Yerevan streets

Raffi Hovannisian: There will be a legal revolution in Armenia

Aram Manukyan: Armenian people seeks to govern the country

Expert: Only Azerbaijan gains from Serzh Sargsyan's policy

Vartan Oskanian: The system can be broken only through a power change

NASDAQ OMX Armenia provides ArmSwissBank with a status of market maker of National Mortgage Company's bonds

Chief of Russia's Federal Customs Service: Russia is not going to interfere in customs activities on Armenian-Nagorno-Karabakh border

Sharmazanov: Nobody, even if he wants very much, can name at least one fact which is evidence of incapability of the Armenian authorities

Oppositionist: Opposition's task during its rallies is to make best of people's resolution to change ruling regime

A member of the parliament from ARFD wishes success to the opposition three

RPA member: The opposition three is unpredictable

VivaCell-MTS has invested 55 million AMD for the housing project in the borderland villages of Armenia and Fuller Center for Housing Armenia has undertaken the implementation of the project

Head of Russian Federal Customs Service: Russia does not intend to interfere in customs officers' activities on border between Armenia and Karabakh

Serzh Sargsyan's message to Washington: We believe that the whole of mankind should be consistent in the recognition, condemnation and exclusion of denialism of genocides

CJSC Armenian Copper Programme reduces blister copper production 9,8% for nine months of 2014

Ex-governor of Vayots Dzor, Edgar Ghazaryan - an ambassador to Poland

Sargsyan-Aliyev-Hollande meeting to take place on 27 October

Serzh Sargsyan: Germany is Armenia's vital partner and a friendly country

Edward Sharmazanov: The breakthrough in the Karabakh process depends on the position of Baku

OSCE MG Co-chairs share expectations from upcoming meeting of Azerbaijani and Armenian Presidents in Paris

Former premier of Armenia calls on the government to change methodology of GDP calculation

Parliament member: A draft law has been submitted to the parliament that has nothing in common with residents of the bordering communities

Expert: Deposits with radioactive elements in a scattered state are being developed in Armenia

Parliamentarian: On 2 Jan 2015, Armenia will find itself in quite new economic environment, something that Government is absolutely not ready for

Governor of Armenia's Vayots Dzor Region relieved of his duties upon his own request

Environmentalists to protest against shooting of wolves

Armenian MP: Armenia has crossed the red line of economic security

"Grozniy-Avia" airline to launch Simferopol-Yerevan flight

Beeline launches "Unlimited Internet Super" service

ACBA-CREDIT AGRICOLE BANK opens new branch in Yerevan

Tigran Khzmalyan: Armenia has linked its Noah's Arc to Russia's sinking Titanik that is still selling tickets

Irina Kamkhadze: We see no downward tendency of Visa growth rates in Armenian market

VTB Bank (Armenia) Visa cardholder becomes winner of Summer with VTB campaign and gets a vacation package to Malta for two persons

Delegation of IFC and EBRD visits Amulsar Gold Project site

Oppositionist: The case with ASALA veteran demonstrates state terrorism in Armenia

Armenia's Health Care Ministry organizes a training course to assess local doctors' readiness for Ebola

Naira Zohrabyan: There is no sector in Armenia where human rights are not breached

Speaker of the Armenian parliament agrees to the idea that there are numerous unsettled conceptual problems in the republic

Gabor Brodi: Armenia must not choose between European Union and its neighbors in the region

A delegation of South Caucasus Railway to attend 61st meeting of CIS Rail Transport Council in Baku

Georgian Ambassador: Armenia and Georgia are facing problems in their trade relations

ACBA-Credit Agricole Bank sums up CASHBACK QUEST results

Most active holders of ACBA-Credit Agricole Bank's cards win trips to Europe

  • by Erik Abrahamyan

  • Friday, June 20, 21:46

ACBA-Credit Agricole Bank has summed up the results of its spring card campaign. Five most active cardholders have won seven-day trips for two to different cities in Europe. The winners were selected by the bank's customers on June 16.

The awards were granted on Friday by the bank's CEO Hakob Andreasyan, who wished the winners bon voyage. 
Narek Safaryan has won a trip to London, Armen Harutyunyan to Barcelona, Manuk Petrosyan, vahram Ter-Matevosyan and Levon Davtyan to Athens, Naples and Nice, respectively.

The campaign involved the bank's customers holding Visa, MasterCard, ArCa or Armenian Express cards, who carried out at least 20 transactions worth no less than 100,000 AMD in Mar-May 2014.

"Once again we have seen that to be ACBA-Credit Agricole Bank means not only benefit and security but also pleasure as we regularly appear with pleasant surprises and gifts," Andreasyan said, adding that the bank will continue holding such campaigns.

He said that his bank offers its customers different card products.  "We cooperate with all global payment systems, including American Express, whose exclusive partner we are. Some people think that AmEx cards are very expensive but they are. They are meant for different social groups and have all chances to become popular in Armenia. By the way, very soon we will appear with a surprise for our AmEx holders," Andreasyan said.
He told ArmInfo's correspondent that AmEx cards are issued in Armenia by ACBA-Credit Agricole Bank only but they are also serviced by the partner banks via the POS-terminal network. As regards the banks' preferences in the card market, he pointed out that the recent prevalence of the issue of international cards over the issue of local cards in Armenia can be explained by the fact that more and more young people are becoming customers of the banks. Furthermore, international cards are more convenient for making online payments and using in trips. In general, Andreasyan forecasts ACBA-Credit Agricole Bank's cards to grow to 180 thsd in 2014 and the amount of plastic transactions to rise by almost 20% due to the activeness of the current customers and involvement of new ones. 

According to the Analytical Review "Armenian Banks in Card Business" prepared by the Agency of Rating Marketing Information (ArmInfo), ACBA-Credit Agricole Bank is on the list of the TOP-5 banks in terms of total number of active cards - about 160 thsd cards, including over 90 thsd local ArCa cards, about 47 thsd international Visa cards and over 20 thsd MasterCards. Over 57% of the total number of active cards fall on salary projects. The Bank's active cards rose year over year by 15%, which was almost equally ensured by ArCa and Visa cards.  The Bank is among the TOP-3 by the number of its local cards, among the TOP-5 by the number of its international cards, and holds the second position by its salary cards. In terms of plastic transactions the Bank holds the second position with about 140 bln AMD in 2013 (15% year over year growth), with 115 bln AMD of this amount being ATM transactions. The Bank is in the lead in the number of ATMs and POS terminals (187 ATMs and 1210 own POS-terminals). ACBA-Credit Agricole Bank issues and services local ArCa cards and international Visa and MasterCards. The Bank has been an exclusive partner of AmEx for almost 4 years.

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