YEREVAN, NOVEMBER 4, NOYAN TAPAN. Credit Agricole banking group (France), one of the world's biggest banks, has provided a 42 million dollar credit to ACBA-Credit Agricole Bank (Armenia). According to ACBA-Credit Agricole Bank, the credit will enable it to increase crediting of small and medium business in the real sector of the Armenian economy. ACBA-Credit Agricole Bank was founded in 1996 under the TACIS program. In 2006 Credit Agricole banking group became a shareholder of the Armenian bank. Today it has 31 branches in all Armenian marzes and provides banking services to more than 248 thousand customers. The overall capital of ACBA-Credit Agricole Bank made about 25 bln drams (over 81 mln 747.4 USD) as of September 30, 2008. Its assets amounted to over 113 bln drams.

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