ACBA FEDERATION CJSC is the biggest shareholder of ACBA-CREDIT AGRICOLE BANK whose participation in the bank capital is 72%. According to type of activities, it is a profit organization. ACBA FEDERATION was founded on May 6 2017 by 10 Rural Mutual Assistance Associations, former shareholders of the bank which are currently shareholders of ACBA FEDERATION. The Rural Mutual Assistance Regional Unions are NGOs working in the 10 regions of RA which were founded to develop agriculture in the regions. The 10 Associations together have 77,500 members.
The idea of founding ACBA FEDERATION was taken from the experience of the French CREDIT AGRICOLE Group where the regional banks representing 39 communities of France (like Rural Mutual Assistance Regional Unions in our country) formed one central body to ensure their participation in CREDIT AGRICOLE Bank».