The bank has a strong presence in rural communities and focuses on financing farmers and small and medium-sized enterprises.  

New country in portfolio

The loan marks the funds’ first investment in Armenia. This landlocked post-Soviet country in the Caucasus with Turkey to the west, Georgia to the north, and Azerbaijan to the east has a population of three million. Many of them – an estimated 37% - are employed in agriculture, which shows the importance of this sector for income generation. Agriculture accounts for about 15% of the country’s gross domestic income.

ACBA Bank plays an important role in contributing to the socio-economic development of Armenia
Altynai Valikhanova, Senior Investment Officer

Velvet Revolution

Poor economic growth and corruption planted the seeds for the Velvet Revolution in 2018, a non-violent and peaceful revolution. The newly elected government has made it clear that its top priorities are to combat corruption and alleviate social inequality. Its economic agenda includes the advancement of the agricultural sector to increase efficiency and output and to develop the tourism sector.

Senior Investment Officer Altynai Valikhanova: “ACBA Bank plays an important role in contributing to the socio-economic development of Armenia, especially in the rural areas. Armenian people have strong spirit of entrepreneurship and our loan will enable ACBA Bank to further unlock people’s potential.” 


ACBA Bank employs about 1,500 people and operates a nationwide network of 60 branches and close to 200 ATMs. The bank has a clear focus on sustainability, with environmental and social risk assessment and monitoring embedded across the organisation. Altynai Valikhanova: “The bank is involved in many projects to develop the agricultural sector in Armenia, for example agricultural start-ups, sustainable tourism initiatives and a digital platform that connects local consumers to local farmers who are financed by the bank.” 

ACBA Bank is currently also developing a digitisation strategy that will further increase its efficiency and outreach.