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Bank ACBA-Credit Agricole And American Express Sign A Cooperation Ag

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  • Bank ACBA-Credit Agricole And American Express Sign A Cooperation Ag

    BANK ACBA-CREDIT AGRICOLE AND AMERICAN EXPRESS SIGN A COOPERATION AGREEMENT

    ArmInfo
    2009-08-31 17:47:00

    ArmInfo. Bank ACBA-Credit Agricole and American Express have signed a
    cooperation agreement, reports the press service of Bank ACBA-Credit
    Agricole.

    The bank will be the first and exclusive representative of American
    Express in Armenia.

    By the end of this year the bank will offer American Express
    cards. Today such cards are accepted by just 24 trade and service
    organizations on the basis of direct contracts. ACBA-Credit Agricole
    is planning to involve more entities in this network and to issue
    American Express cards and travellers checks.

    ACBA-Credit Agricole is the leader of Armenia's plastic card market:
    almost 82,000 ArCa and Visa cards, 92 bancomats, 700 POS-terminals.

    The shareholders of the bank are Credit Agricole - 16%, SJSC Sacam
    International - 12.44%, 10 regional agricultural cooperation unions
    and one individual (resident of Armenia).
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