Paris, 14/06/2017

The Federation Nationale des Caisses d’Epargne (FNCE), thanks to its cooperation program based on volunteering, and Farm Credit Armenia credit cooperative have signed on Wednesday June 14th, in Paris, a partnership agreement. This agreement aims to contribute to the training and capacity building of Farm Credit Armenia’s employees and allows FNCE to discover the Armenian banking sector.
His Excellency Vigen TCHITECHIAN, the Ambassador of Armenia and his advisor, Sir Levon AMIRJANYAN, honored this ceremony with their important presence.
The two entities were presented during the event with the interventions of Nicolas DUHAMEL, Advisor to the Chairman of the Management Board, in charge of Public Affairs of BPCE; Francois-Noel ROBINET, Head of communication and institutional affairs of BPCE International; Florence RAINEIX Director of Finances&Pedagogie and CEO of FNCE and FNCE President Mr. Jean Arondel.
After several meetings during the International Congress of CIBP and at FNCE’s headquarters in Paris, the two organizations, who want to promote the values, principles and the model of the cooperatives, have decided to sign this partnership.
Farm Credit Armenia takes part in the development of the agricultural production and units of agriculture machinery through a financial cooperative. Its mission is to improve the quality of life in rural Armenia by providing accessible financial services to agriculture; agribusiness; small and medium enterprises, micro-borrowers, farmers, women and minority rural residents. Its goal is to be the leader in agricultural credit investments among credit organizations in Armenia.
For Jean ARONDEL, Chariman of FNCE “this partnership lays the foundations of a successful collaboration”.
For Armen GABRIELYAN, President and CEO of Farm Credit Armenia, “the cooperation with FNCE will allow us to apply in our arsenal the best practices of French cooperatives”.

About Farm Credit Armenia 6 500 cooperative hareholders Assets : 17,6 Million €

Equity : 2,5 Million €

Leasing : 130 unit of agriculture machinery, equal to 1,2 Million € Overall credited : 12,512 loans, equal to 51 million €

About The Fédération Nationale des Caisses d’Epargne

The National Federation is the body that represents and gives a voice to the 16 regional Caisses d’Epargne, their leaders, their 5 million cooperative shareholders and the 3,292 board members of the local savings societies (LSS). Created when the Caisses d’Epargne were granted the status of cooperative banks in 1999, and as their natural representative, the  National Federation promotes the identity and originality of the Caisse d’Epargne model in the economical and social environment in France, Europe and worldwide.