ACBA-Credit Agricole Bank

ACBA-Credit Agricole Bank is one of the largest banks in Armenia. Their Women’s Market strategy focuses on education and capacity building for women’s SMEs.

About ACBA-Credit Agricole Bank

Established in 1996, ACBA-Credit Agricole Bank provides universal banking services. The bank’s 58 branches serve nearly 328,000 customers in every region of Armenia.

The Program

In December 2016 the bank signed a loan agreement with the European Bank for Reconstruction and Development under its Women in Business proposition to support women’s entrepreneurship in Armenia. Their program, which is a result of that agreement, focuses on providing women SME owners and/or operators with access to business and financial trainings and networking opportunities, as well as encouraging them to access formal financial products. By providing this support, ACBA-Credit Agricole Bank aims to be the bank of choice for women in business in Armenia.

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31 percent of the
bank’s SME clients
are women.

40 percent of
ACBA’s employees
are women.


The Opportunity - Armenia

  • 51%

    of women were engaged in the labor force as of 2017, according to the World Bank.
  • 41%

    of women had an account at a formal financial institution in Armenia in 2017, Findex found.
  • 51%

    of women over age 15 had borrowed from a bank as of 2017, Findex showed.
  • 6%

    of women saved at a bank in 2017, according to Findex – but 25% saved money.