Acba bank and the Franchising Association of Armenia (AFRA) have signed a memorandum of cooperation within the framework of Acba Business Club. According to the memorandum, Acba bank and the Franchising Association of Armenia will cooperate on the development and diversification of business activities of the member organizations of Acba Business Club.

Within the framework of the memorandum, Acba Business Club members will have the opportunity to participate in open franchising-related seminars with the participation of international speakers organized by the Franchising Association of Armenia, and will also receive support in participating in international thematic exhibitions and various events.

The collaboration is set to include initiatives specifically designed to foster the growth of women's entrepreneurship, focusing on the dissemination of new knowledge and skills.

As part of the cooperation between Acba bank and the Franchising Association of Armenia, the members of Acba Business Club will also be able to use the support and full monitoring of the franchise selection, full branding, as well as the membership of the Franchising Association under special conditions.

Under the "Acba Business Partner" sub-brand, SME managers now have the opportunity to acquire new knowledge and tools necessary for management, establish new business connections, and also become members of the business community. Within the framework of the "Acba Business Partner" sub-brand, SME managers can:

• attend free business courses,

• become a member of Acba Business Club,

• use the possibilities of the sme.acba.am online business platform,

• make their own products more recognizable by participating in the "Made by our partners" project.

Acba Business Club is a platform that enables SME managers to establish new business connections, participate in thematic events, be in the focus of business events, as well as take advantage of special offers provided by partner organizations.

Acba Business Club is the beginning of new perspectives and opportunities for businesses.