ACBA Credit Agricole Bank

Citi, OPIC and ACBA Credit Agricole Bank Support the Growth of the Microfinance Sector in Armenia

Press Release

New York, NY, June 24, 2014 /3BL Media/ – Citi and the Overseas Private Investment Corporation (“OPIC”) today announced a $10 million lending facility, using their existing framework partnership, to support the growth of ACBA Credit Agricole Bank’s agribusiness microfinance portfolio in the Republic of Armenia. The arrangement includes a new $5 million lending facility and the extension of a separate $5 million lending facility first announced in 2012.

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