Acba Bank Overview and Features

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A contemporary city skyline featuring tall buildings and a prominent bank at dusk.
Credit: pexels.com, A contemporary city skyline featuring tall buildings and a prominent bank at dusk.

Acba Bank is a leading financial institution in Armenia, with a rich history dating back to 1918. It was founded as a credit union and has since grown into a full-fledged bank, serving millions of customers across the country.

Acba Bank offers a wide range of banking services, including personal and corporate banking, as well as investment and insurance products. Its product portfolio is designed to cater to the diverse needs of its customers, from everyday transactions to long-term savings and investments.

Acba Bank has a strong presence in Armenia, with a network of branches and ATMs across the country. Its headquarters are located in Yerevan, the capital city of Armenia.

Acba Bank News

Acba Bank has 57 branches across the country, providing a wide reach to its customers.

Acba Bank was established in 1996, marking the beginning of its journey as a leading financial institution in Armenia.

Acba Bank had its IPO in 2021, a significant milestone in its growth and development.

American Express in Armenia

Credit: youtube.com, ACBA Bank | American Express Card

Acba bank has been American Express' exclusive licensee in Armenia since 2009.

Acba bank issues three American Express Cards in Armenia: the American Express Gold Card, the American Express Blue Card, and the American Express Debit Card.

Local American Express Debit Card Members can earn cashback and local American Express Blue and Gold Card Members can earn Membership Rewards points on every spend.

American Express has 140+ million cards in circulation worldwide.

The American Express Gold Card Members can enjoy access to over 1400 airport lounges worldwide.

Acba bank aims to continue increasing the number of locations that accept American Express in Armenia.

Briana Wilsey, Vice President and General Manager of Global Network Services EMEA at American Express, was present at the signing ceremony in New York City.

Crédit Agricole Bank Milestones

ACBA Crédit Agricole Bank has a remarkable history, formed in 1996 when Armenia was privatising its farmland.

ACBA Crédit Agricole Bank has leveraged Crédit Agricole's experience and now comprises 715 local village associations, which form its core.

Credit: youtube.com, ACBA-CREDIT AGRICOLE BANK

The bank's development began with the distribution of very short-term micro-loans to farmers, a success that enabled the bank to set up a branch network throughout Armenia.

ACBA Crédit Agricole Bank has expanded strongly over the past fifteen years to become Armenia's leading universal bank, ranked number one by net income, total assets and capital.

The customer base has increased by a factor of 25 since 2000, an average growth rate of 44 per cent over the period, with 314,000 customers now.

ACBA Crédit Agricole Bank has 37 branches, a five-fold increase in 10 years, and a workforce of 800, with an average age of less than 30.

ACBA Crédit Agricole Bank has lines of credit with several international financial institutions, including the International Fund for Agricultural Development (IFAD), KfW Bankengruppe, the European Bank for Reconstruction and Development (EBRD) and Crédit Agricole.

Description

Acba digital is the mobile banking application of Acba bank OJSC, designed to make your banking simple and fast.

Credit: youtube.com, ACBA Bank | Achievements Story

You can become a customer via online onboarding process, but some services are limited.

To get access to all features, you just need to download the app and become a user via online registration.

The application allows you to manage your finances whenever and wherever it is convenient for you, giving you access to your banking products via online registration process.

You can log on quickly and securely with your fingerprint or facial recognition, and check your account balances and pending payments at any time.

Viewing individual transaction details is also a breeze with acba digital.

The app enables you to transfer money between accounts, and make transfers within Republic of Armenia, as well as pay utility bills and make utility payment groups.

You can also pay Road Police fines, property taxes, parking bills, and much more with the app.

Paying your loan or credit card bill is also a feature of acba digital.

Applying for loans, savings, cards, and more is also possible through the app.

A unique perspective: Td Bank Mobile Banking App

Credit: youtube.com, acba bank rebranding - 12.02.2021

The app allows you to block card transactions, close cards, activate SMS service, and more, giving you control over your finances.

Resetting your password is also a feature of acba digital.

Updating your contact details is also possible through the app, keeping your information up to date.

You can also get a Visa digital card in your application and make payments via Apple Pay/Google Pay.

Making card to card transfers within Armenia and worldwide is also a feature of the app.

Ordering Bank to make periodic transfers and payments instead of you is also possible with acba digital.

Tracking your pension program balance anytime is also a feature of the app.

Purchasing car, travel, and other insurances is also possible through the app.

Investing your money by buying securities is also a feature of acba digital.

Sending or receiving money via Contact, QR, and Link and ATM is also possible with the app.

Frequently Asked Questions

Who is the owner of ACBA bank?

ACBA bank is owned by ACBA Federation CJSC, which holds a significant 83.68% stake in the bank's capital. Learn more about ACBA Federation CJSC and its role in ACBA bank's operations.

Elena Feeney-Jacobs

Junior Writer

Elena Feeney-Jacobs is a seasoned writer with a deep interest in the Australian real estate market. Her insightful articles have shed light on the operations of major real estate companies and investment trusts, providing readers with a comprehensive understanding of the industry. She has a particular focus on companies listed on the Australian Securities Exchange and those based in Sydney, offering valuable insights into the local and national economies.

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