Acba Bank

Acba Bank OJSC, commonly referred to as Acba Bank, is a commercial bank headquartered in Yerevan, Armenia. It is one of the largest banks in Armenia, providing a range of financial services to individual and corporate clients. These services typically include deposit accounts, loans, credit cards, money transfers, and online banking. Acba Bank has a network of branches and ATMs located throughout Armenia.

The bank's history dates back to the establishment of the Armenian Cooperative Association (ACBA) in 1996. Initially focused on agricultural lending and supporting rural development, ACBA underwent a transformation into a full-service commercial bank. This evolution included a rebranding and a broader service offering to cater to a wider customer base.

Acba Bank plays a significant role in the Armenian financial sector. Its activities contribute to the overall economic development of the country, particularly in supporting small and medium-sized enterprises (SMEs) and agricultural businesses. The bank often partners with international financial institutions to secure funding and implement development programs.

The bank's ownership structure has evolved over time, with various shareholders holding stakes in the institution. Acba Bank is subject to regulatory oversight by the Central Bank of Armenia, ensuring compliance with banking regulations and standards.