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Financial crisis won't affect ACBA-Credit Agricole Bank

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  • Financial crisis won't affect ACBA-Credit Agricole Bank

    PanARMENIAN.Net

    Financial crisis won't affect ACBA-Credit Agricole Bank
    28.03.2009 14:31 GMT+04:00

    /PanARMENIAN.Net/ ACBA-Credit Agricole Bank has not suffered losses
    over the global economic crisis, the bank's executive director said.

    `The bank continues granting loans, although the amount has
    decreased,' Stepan Gishyan said.

    Armenia's financial system can withstand the global economic crisis,
    according to him.

    As to the doubts that the bank's cooperation with French Credit
    Agricole will weaken, Mr. Gishyan said that the crisis is a temporary
    phenomenon and cooperation will strengthen
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