History of the Bank

All About Us

History of the Bank

Acba bank is one of the leading financial institutions in Armenia, operating in Armenia since 1995.

CHRONOLOGY

Bank Board and Management

Meet Acba bank's management and board members

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The Mission

Our mission is based on a firm commitment to promoting sustainable development of society. Our customers are at the center of the Bank's activities and our efforts are primarily aimed at serving them, and contributing to the well-being and sustainable development of society as a whole by improving their quality of life and developing their businesses.

At the same time, as an organization founded on the idea of mutual aid, we constantly strive to provide financial tools and resources to support different segments of society - individuals, organizations, and communities - at every stage of their lives and activities.

That is why the creation of the solutions we offer is based on the discovery of the client's real, as well as hidden, needs, based on innovative technologies, methods, and mindset.

The services and products created with this approach become unique solutions to our clients' various problems, helping them create the best future they imagine and achieve long-term and sustainable development in their lives and activities.

To contribute to the sustainable development of society with unique and innovative solutions.

The mission of ACBA Bank is based on the sustainable development of society.

Values

Customer care

Caring for our customers is one of our core values, which guides our employees, carrying within them that simple human caring attitude.

As a result, we build strong and long-lasting relationships between clients and their already reliable partner, the bank.

This is manifested in the approach of listening to customers' problems, understanding them, and even offering high-quality solutions tailored to their hidden needs.

Bank participants

81.62%

"ACBA FEDERATION" Closed Joint-Stock Company

Acba Federation has been a qualifying shareholder in Acba Bank since 2017, currently holding 4,488,993 shares (75% of the Bank’s equity).
Acba Federation was established in 2017 by ten Agricultural Cooperative Regional Unions (ACRUs) NGOs, each of which is based in one region of Armenia. The ACRUs were formerly direct shareholders (and founders) of the Bank, before founding ACBA Federation in 2017. The 10 ACRUs are backed by more than 75,000 members, individual farmers from all regions of Armenia.
Acba Federation, through its participation in Acba Bank’s equity, is highly active in agriculture across Armenia, aiming to foster agricultural development nationwide. In this role, it contributes to rural prosperity and community growth, supports agricultural startups and community development efforts, and helps establish pilot farms that introduce advanced agricultural business management practices.

4.55%

«SOCIÉTÉ DE PROMOTION ET DE PARTICIPATION POUR LA COOPERATION ÉCONOMIQUE» Public Limited Company (Proparco)

Proparco joined Acba Bank as a qualifying shareholder at the end of 2024, holding 598,500 shares (10% of the Bank’s equity).
Proparco is a subsidiary and the private-sector financing arm of the Agence Française de Développement Group (AFD Group).
It has been promoting sustainable economic, social and environmental development for over 45 years. Proparco provides funding and support to both businesses and financial institutions mainly in Africa, Asia, Latin America and the Middle-East. Its action focuses on the key development sectors: infrastructure, mainly for renewable energies, agribusiness, financial institutions, health and education.
Its operations aim to strengthen the contribution of private players to the achievement of the Sustainable Development Goals (SDGs) adopted by the international community in 2015. To this end, Proparco finances companies whose activity contributes to creating jobs and decent incomes, providing essential goods and services and combating climate change. They contribute to building sustainable economic growth and reducing poverty.
Agence Française de Développement (AFD) is an indirect significant shareholder in the Bank via Proparco. AFD is an industrial and commercial state-owned entity (EPIC) under the French Government, operating as a financially independent legal entity. As a financing institution serving the public interest, AFD holds approximately 84% of Proparco’s shares.

Free Float

A combined total of 897,507 shares (15% of the Bank’s equity) is owned by other individuals and legal entities, including employees.
Most employees became shareholders through the Employee Stock Ownership Program (ESOP) conducted in April 2021 in collaboration with ACBA FEDERATION CJSC, ACBA LEASING CO CJSC, and the Bank. Under this ESOP, 147,530 shares were allocated to more than 1,100 employees of these organizations.
Additional employees, as well as various individuals and legal entities, acquired shares during the Bank’s first IPO in September–November 2021.
From February 1, 2022, Acba Bank’s shares have been listed on the Main “A” list of the Armenia Stock Exchange, allowing market participants to buy or sell the free float portion of shares in a flexible and transparent manner.

"ACBA GROUP" financial group

By the decision of the Board of the Central Bank of the Republic of Armenia No. 27 of the Financial Regulation A dated 28/04/2017, "ACBA-CREDIT AGRICOLE BANK" CJSC, "ACBA LEASING" VC CJSC and "AMUNDI-ACBA ASSET MANAGEMENT" CJSC were qualified (recognized) as a financial group under the name "ACBA-CREDIT AGRICOLE GROUP". By the decision of the Board of "ACBA BANK" OJSC dated 14/08/2020, the financial group was renamed the "ACBA GROUP" financial group. "ACBA BANK" OJSC was appointed as the responsible person of "ACBA GROUP".

"ACBA BANK" OJSC

“ACBA LEASING” CO CJSC

100% of the shares are owned by "ACBA BANK" OJSC

“AMUNDI-ACBA ASSET MANAGEMENT” CJSC

AMUNDI ASSET MANAGEMENT (51%) and "ACBA BANK" OJSC (49%)

Last Update՝ 22.05.2026