At the Annual General Meeting of Shareholders, Acba bank summarized the results of 2024 and set the upcoming directions for the bank's development.

In 2024, the bank achieved significant progress in the field of corporate governance, increasing the trust of shareholders and investors. In this regard, a particularly important milestone was the fact that Proparco, a subsidiary of the French Development Agency Group, became a shareholder of Acba bank, which reflects its high level of confidence in Acba. In 2024, Proparco acquired 10% of Acba bank’s shares.

2024 was also a year of unprecedented growth in partnerships with international organizations. Acba signed record-breaking loan agreements and risk-sharing deals with:

• European Investment Bank (EIB)

• US International Development Finance Corporation (DFC)

• Japan International Cooperation Agency (JICA)

• International Finance Corporation (IFC)

• European Bank for Reconstruction and Development (EBRD).
  
  

In addition, in 2024, Acba bank and American Express also announced the expansion of their long-standing partnership.

"The General Meeting of Shareholders is an opportunity through which the shareholder can participate in the management of the bank. It is also a good chance to communicate with each other and better understand each other. Acba continues its mission of building a strong corporate governance company. We are creating a transparent and accountable system where the powers of the bank's shareholders, board, and management are well-balanced. The beneficiaries of this approach are not only the shareholders but also other stakeholders of the bank, including its customers, employees, the Central Bank of Armenia, partners, and the broader public. Our mission is to deeply understand their interests and take care of them," stated Rafayel Sargsyan, Chairman of the Board of Acba bank.

"We enjoy the trust of our international partners and are strengthened by the experience we gain through our collaboration with them. I believe this sends a clear message that the bank is transparent and predictable, and acquiring the bank's shares is a highly successful and profitable long-term investment," stated Hakob Andreasyan, Chief Executive Officer of Acba bank.

"Acba has been achieving steady growth year by year in terms of core business, profits, customer base, and the development of digital technologies. On average, we have doubled our business over the past 4-5 years, which translates to an annual growth rate of 15-20%," stated Stepan Zakinyan, Chief Financial Officer of Acba bank.

Key financial results for 2024:

• Net profit: AMD 28.8 billion

• Asset growth: 18.9%, reaching AMD 931.7 billion

• Capital growth: 22.8%, reaching AMD 163.4 billion

• Loan portfolio growth: 16.8%, reaching AMD 629.3 billion

• Growth in deposits and issued bonds: 18.9%, reaching AMD 623.5 billion

• Market leadership: Leading in the number of POS terminals, ATMs, and issued cards

• The number of Acba digital users increased by 37.9%, reaching approximately 530,000.
  
  

The core of Acba bank's 2025 strategy focuses on innovation, internal efficiency, and sustainable development. The plan includes significant advancements in digital platform capabilities by introducing new services and analytical tools. Acba confidently looks to the future, continuing to strengthen its position in the financial market and creating long-term value for its shareholders and the broader public.