ACBA-CREDIT AGRICOLE BANK supporting formation of new scheme for developing Armenia’s communities
ACBA-CREDIT AGRICOLE BANK, at the event “The New Scheme of Communities’ Development” organized by it, has announced the launch of the program of financing the development of community infrastructures for enhancing energy efficiency, the bank’s press office reported on Friday.nbsp;nbsp;br / br /
YEREVAN, March 23. /ARKA/. ACBA-CREDIT AGRICOLE BANK, at the event “The New Scheme of Communities’ Development” organized by it, has announced the launch of the program of financing the development of community infrastructures for enhancing energy efficiency, the bank’s press office reported on Friday. nbsp;br
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The program is being implemented in cooperation with the Armenian government and the Armenia Renewable Resources and Energy Efficiency Fund. nbsp;br
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Hayk Harutyunyan, deputy energy and natural resources minister, said ACBA-CREDIT AGRICOLE BANK is one of those few banks that actually run risks, but the investments made for developing communities’ infrastructures are covered from savings and it is possible to take this step without anxiety.nbsp;br
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ACBA-CREDIT AGRICOLE BANK CEO Hakob Andreasyan, on his side, said that the infrastructure problem should be solved for ensuring sustainable and consistent development of communities. nbsp; nbsp;br
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In his words, creation of infrastructures producing and saving pure energy in communities is the top-priority and the most important step in this issue, and therefore ACBA-CREDIT AGRICOLE BANK is already financing Armenia’s communities.nbsp;br
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Andreasyan is quoted in the press release as saying that the pure energy generation system is just one, but the most important component of communities’ sustainable development, which will allow communities to transform their advantages into business value.nbsp;br
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He is also quoted as saying that economic entities establishing businesses in communities will not be left lone, since the bank intends to do whatever is possible to provide support to them – from financial assistance to startup businesses to support in the right management of these advantages and in seeking extra result. nbsp;br
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The financing will be provided for up to five years only in Armenian drams, without service fee and at a 9-percent annual interest rate.nbsp;br
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ACBA-Credit Agricole Bank was established in 1995 as part of European Union’s TACIS program. In September 2006, France's Credit Agricole Group, investing a great deal in the bank's capital, became its biggest shareholder. --0----nbsp;br
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