ACBA Federation
"ACBA FEDERATION" Closed Joint Stock Company is the largest shareholder of "ACBA BANK" OJSC, the size of which is 81.62% of the Bank's capital, and the owner of 4,488,993 shares. By type of activity, it is a commercial organization created for profit.
The idea of creating ACBA FEDERATION was taken from the experience of the French CREDIT AGRICOLE group, where regional banks representing 39 communes of France (as are the GPMMs in our country) created 1 centralized body to ensure their participation in CREDIT AGRICOLE bank.
ACBA FEDERATION was founded on 06/05/2017 by 10 former shareholders of the Bank, who are currently the shareholders of ACBA FEDERATION.
To promote the development of innovative agriculture and rural communities in Armenia, as well as to make agriculture a more attractive sector for young people.
To create a business environment in all rural communities of Armenia where the village resident will see his future.