In newly independent Armenia, to protect and support the vulnerable farming economies in the new economic reality.
At 13A Vardanants Street two room, four chair, one computer, one printer, and two desk։
x2
room
x4
chair
x1
computer
x1
printer
x2
desk
ACBA Bank was founded
post-war period
The country's economy was paralyzed. After the collapse of the Soviet Union, land reform had just been implemented, and agriculture was in a state of flux.
13A Vardanants Street
The first and most important purpose of creation was care.
Chapter II
Big dream
Big dream
an impossible goal
A few dedicated individuals with a plan to overcome the challenges of newly independent Armenia attempted to do in 10 years what the French bank Credit Agricole had achieved in 90 years.
10=90
A group of Armenian specialists, led by Stepan Gishyan, with the support of experts from the Credit Agricole group, are creating a European-based cooperative bank in Armenia within the framework of the EU TACIS program, which was to operate on the principle of mutual assistance.
It's lie
It won't work
It's impossible
They can't
Big dream
Mutual aid
Many believed that the repayment of loans would not be ensured.
As a result, Peasant Mutual Aid associations were created, through which the bank provided invaluable assistance to the villagers, saving numerous farms from collapse.saving
numerous farms from collapse.
But experience has shown that when you believe in the other person's big dream and work, they will definitely succeed.
Bank loans from the first year
Bank loans from the first year
The reversibility was 100%.
The reversibility was 100%.
and outlined the newly created bank
and outlined the newly created bank
the way to success.
the way to success.
100
89
65
46
24
17
%
1996
August 28 - The "Agricultural Mutual Assistance Bank of Armenia" cooperative bank was established.
1997
August 28 - The "Agricultural Mutual Assistance Bank of Armenia" cooperative bank was established.
1998
August 28 - The "Agricultural Mutual Assistance Bank of Armenia" cooperative bank was established.
2001
August 28 - The "Agricultural Mutual Assistance Bank of Armenia" cooperative bank was established.
Chapter III
Way of success
Way of success
The villager believed he was not alone.
"One of the most enjoyable moments was when we solved someone's problem and gave hope for the future when there was no hope."
Stepan Gishyan, Director
2021
Way of success
Reorganization
Soon the bank was known as ACBA
bank: Agricultural Cooperative Bank of Armenia
and since 2006, when the prestigious French Credit
Agricole Bank becomes a 28% shareholder of ACBA...
ACBA is reorganized and becomes ACBA-Credit
Agricole Bank CJSC.
In 2021, ACBA-Credit Agricole Bank CJSC was reorganized
and became ACBA Bank OJSC, organizing in Armenia
the first bank IPO.
The principles ofmutual assistance, care and honestycontinue to be at the core of the bank.
and honesty 
continue to be at the core of the bank.
