Yerevan /Mediamax/. ACBA-CREDIT AGRICOLE BANK received a loan from the French Credit Agricole Banking Group## at the volume of $42mln.

As Mediamax was told in the bank’s marketing department, the received means will be directed to increase the volumes of crediting for the real sector of Armenia’s economy and the funding of small and medium business.

“The loan is a logical continuation of the many years’ cooperation with Credit Agricole Banking Group”, the statement of the bank notes.

ACBA-CREDIT AGRICOLE BANK was established in 1996 within the framework of EU TACIS Program following the model of European cooperative banks. In September, 2006, the French Credit Agricole Banking Group acquired 28% shares of the Armenian bank.

The bank functions in all the regions of Armenia, providing services to over 248 thousand customers.