  Financial crisis won't affect ACBA-Credit Agricole BankMarch 28, 2009 - 14:31 AMT 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.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Related sections Latest news Putin congratulates Pashinyan’s birthday  Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1.Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri.Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament.Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. |
