IFC to provide USD 30 million to ACBA-Credit Agricole Bank for SMB crediting
The International Finance Corporation, a member of the World Bank Group, and ACBA-Credit Agricole Bank have today signed a credit agreement according to which IFC is to provide credit of USD 30 million to ACBA-Credit Agricole Bank for SMB crediting.
ACBA-Credit Agricole Bank CEO Stepan Gishyan told reporters that the new credit to be issued by IFC will strengthen bank’s position in the market and will enable the bank to develop its strategy in SMB crediting, particularly in agricultural crediting.