by Siranush Manucharyan
ACBA-Credit Agricole Bank has opened a new branch in Yerevan's Malatia-Sebastia community. The branch is called Kesaria and is located at 93/3 Sherama Street.
ACBA-Credit Agricole Bank reports that this is its 50th branch and that like all the other branches, it provides a full range of banking services.
According to the bank, Kesaria will charge no annual service fee from the customers that will obtain American Express Blue cards during the first two months of its activity. Even more, the first 100 individual customers will enjoy a 1% interest rate discount for consumer loans and a 1% bonus for time deposits, while the first 50 corporate customers will get free Visa Business with no service charge for the first year.
ACBA-Credit Agricole Bank was established in 1995 under the EU's TACIS program. In Sept 2006 Credit Argicole from France became the bank's majority shareholder. Since the bank's establishment its clientele has grown by as many as 25 times to a total of 276,000. The bank employs 1,060 people and has 49 branches (the third biggest branch network in Armenia's banking sector).