ACBA Leasing profit accumulation totaled AMD 221 million in 2008May 11, 2009 - 18:28 AMT PanARMENIAN.Net - ACBA Leasing has registered gains at the close of 2008, thanks to inner financial planning. It has been working at a profit during 3 years, ACBA Leasing deputy CEO Arsen Bazikyan said in an interview with PanARMENIAN.Net "In 2008 the company has registered an income of AMD 221million and AMD 82 million in the first quarter of 2008. I can't deny the influence of world financial crisis on our economy, specifically, on the number of applications filed by potential lessees," he said. "Still the influence of world crisis upon RA economy was not that drastic as, basically, only the real sector is being funded in Armenia, and the deals have nothing to do with stock market where the crisis was felt most." "Specifically, ACBA Leasing is funding small and medium sized business, and according to our inner regulations, a rather conservative approach is practiced, that is, diversification of risks, linked to financing of different sectors. Thus the crisis has had a minor impact on ACBA Leasing activities. We might have temporary difficulties, but not debts that could pose any problems to us," Mr. Bazikyan said. "ACBA Leasing" Closed Joint Stock Company was established on March 30, 2003. It is the first specialized leasing company acting as a credit organization. L.M 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 | Exclusive access to all EURO 2024 games for Ucom subscribers This year once again Ucom stands as the primary partner of UEFA EURO 2024 in Armenia. Pashinyan congratulates Putin on Russia Day Nikol Pashinyan sent congratulatory messages to Vladimir Putin and Mikhail Mishustin on the occasion of Russia Day. Armenia, U.S. to upgrade Strategic Dialogue meeting to Strategic Partnership Commission The two governments have release a statement on the occasion of the U.S.-Armenia Strategic Dialogue Capstone meeting. Azerbaijan complains to Germany about Armenia's constitution Bayramov has complained about the Armenian constitution to his German counterpart Annalena Berbock. |