12/02/08, ACRA Press Service
"ACRA Credit Reporting" CJSC has signed a contract with "ProCredit Bank" CJSC.

12/02/08, ACRA Press Service
"ACRA Credit Reporting" CJSC has signed a contract with "ArdShinInvestBank" CJSC.

07/02/08, Mediamax News Agency
Armenian government approved the draft law "On activity of credit bureaus and circulation of credit information"
Armenian government approved today the draft law "On activity of credit bureaus and circulation of credit information".
As Mediamax was told in the press service of the government, the given draft law aims at establishing legal bases for the activity of credit bureaus, as well as the regulation of credit information collection and preparation of credit reports.
In connection with the approval of the draft law, the Cabinet of Ministers also decided to make changes in the laws “On banking secrecy”, “On insurance and insurance activity”, “On the Central Bank” and a number of other laws. All the draft laws will be presented to the National Assembly of Armenia in accordance with the established order.
As the Chairman of the Central Bank of Armenia Tigran Sarkisian stated during the session of the government, according to the agreements, reached earlier, the draft law “On activity of credit bureaus and circulation of credit information” will be discussed in the course of two days with the State Tax Service, the State Committee of Cadastre on Real Estate Property and the Ministry of Labor and Social Affairs.

01/02/08, ACRA Press Service
"ACRA Credit Reporting" CJSC has signed a contract with "Malatia" Universal Credit Organization Ltd.

08/04/08, ACRA Press Service
Dear partners we inform you that "ACRA Credit Reporting" CJSC has signed a contract with "Byblos Bank Armenia" CJSC. Soon the data base will replenish with details of "Byblos Bank Armenia" CJSC.
Thus all the banks of RA are the member companies of "ACRA Credit Reporting" CJSC.

21/05/08, ACRA Press Service
In connection with the appointment of Mr. Tigran Sargisyan (the Chariman of the Central Bank of RA) as the Prime Minister of RA, Mr. Arthur Javadyan (the Deputy Chairman of the Central Bank of RA) was appointed as the Chairman of the Board of “ACRA Credit Reporting” CJSC.

06/06/08, ACRA Press Service
The Annual General Meeting of "ACRA Credit Reporting" CJSC shareholders will take place on 27th of June 2008 at 5:30 o'clock p.m. in Central Bank of RA, 6 Vazgen Sargsyan str., Yerevan.

02/07/08, Mediamax News Agency
Armenian ACRA Credit Reporting Credit Bureau is leading as to information coverage among CIS states
At present, credit histories of 735 thousand creditors are present in the database of ACRA Credit Bureau, Chairman of the Central Bank of Armenia, Chairman of the Board of ACRA Artur Javadyan stated.
Mediamax reports that Artur Javadyan said this on June 27 at the general annual meeting of ACRA Credit Reporting CJSC shareholders.
According to Artur Javadyan, the present annual meeting of ACRA Credit Bureau is marked with the fact that all commercial banks of Armenia and 10 credit organizations are already cooperating with the Bureau.
“ACRA will assist the increase of the level of financial mediation in Armenia, and the financial organizations will be able to make decisions significantly quicker on providing credits”, Artur Javadyan stated.
Director of ACRA Credit Bureau Artak Arzoyan noted that the information coverage of the Credit Bureau targeted for mature population of Armenia by the end of 2007 made 24%, and at present, ACRA already owns the credit histories of 33% of the mature population of Armenia, which is commensurable with international standards and is the best index among the CIS states.
In the first quarter of 2008, the incomes of the Bureau from sale of credit histories made 49mln drams.
Talking about the further development plans, Artak Arzoyan pointed out the elaboration of new programs, among which the analysis of credit portfolios, credit scoring and monitoring of borrowers. ACRA’s plans also include attracting new sources of information (companies, involved in communal-general services, insurance companies, road police, courts, etc.), technical and program re-equipment of the system, implementation of international standards of corporate management and deepening cooperation with the Financial Sector Development Program of the U.S. Agency for International Development (USAID-FSDP).
ACRA Credit Bureau was set up in 2004 and is the only private credit bureau in Armenia. The Bureau cooperates with all commercial banks of Armenia and 10 credit organizations.
The shareholders of the Credit Bureau are 17 commercial banks of Armenia and 1 credit organizations, which own 52.92% of the shares, Credential Inc. (13.03%), Armenian CB (10%), Smart Tech CJSC (8,99%), Dun & Bradstreet Company (2.52%) and other shareholders.