Armenian Development Bank’s outstanding loan portfolio surges by 80 percent in first quarter

25.04.2012 13:04
Armenian Development Bank’s outstanding loan portfolio surges by 80 percent in first quarter

YEREVAN, April 25. /ARKA/. The Armenian Development Bank (ADB) said its outstanding loan portfolio in the first quarter of 2012 surged by 80% from a year earlier or by 11.7 billion drams.

According to a press release of the bank, the ADB continues to offer its customers new services and loans.

"The bank offers two types of new commercial loans. One of them may interest those entities and private entrepreneurs who are seeking large loans secured by collateral, and the second is for companies which intend to purchase commercial and manufacturing premises, warehouse, offices, land or other real estate," the press release said.

The Armenian Development Bank was established in 1990. Prior to 1996 it operated as Bank of Reconstruction and Development. Its shareholders are Ruben Hayrapetyan – 19.98%, Ara Mekhakyan – 16.95% and Grigor Termenjian – 16.03%. ($1 – 392,84 drams). -0-


Read the news first and discuss them in our Telegram


Tags: , , Новости Армении АМИ Новости-Армения

Related Posts
ADB revises upwards growth forecast for Armenia to 5.2%, from 1.8%2021-09-23 17:14:23 ADB revises upwards growth forecast for Armenia to 5.2%, from 1.8%
ADB approves $1.3m initiative to help improve land resources management in Armenia2021-04-12 16:38:51 ADB approves $1.3m initiative to help improve land resources management in Armenia
ADB implementing programs to enhance seismic safety of schools in Armenia2020-09-17 13:03:54 ADB implementing programs to enhance seismic safety of schools in Armenia
ADB expects 4% economic decline and 1.4% inflation in Armenia in 20202020-09-16 12:10:59 ADB expects 4% economic decline and 1.4% inflation in Armenia in 2020
Asakawa: ADB ready to provide financial assistance and policy advice to Armenia as needed2020-08-19 21:16:46 Asakawa: ADB ready to provide financial assistance and policy advice to Armenia as needed
ADB approves $2 million grant to support Armenia’s fight against covid-192020-08-18 23:30:07 ADB approves $2 million grant to support Armenia’s fight against covid-19
Armenian president and ADB bank head discuss implementation of joint projects2020-02-06 15:55:36 Armenian president and ADB bank head discuss implementation of joint projects
Armenian deputy prime minister and ADB Yerevan office head discuss further cooperation2020-01-22 15:44:51 Armenian deputy prime minister and ADB Yerevan office head discuss further cooperation
ADB country director presents five-year partnership strategy to Armenian vice premier2019-12-12 14:47:01 ADB country director presents five-year partnership strategy to Armenian vice premier

«
»