Eurasian Development Bank’s investment package in Armenia $30 million in 2015

27.09.2016 15:39
Eurasian Development Bank’s investment package in Armenia $30 million in 2015

YEREVAN, September 27. /ARKA/. The current package of the Eurasian Development Bank’s investments in Armenia made in accordance with three projects of lending for small and mid-scale businesses and mining industry amounted to $30 million in 2015, the Eurasian Development Bank says in its annual report.

According to the report, the bank continues the country’s banking sector as part of the SME-supporting program.

Armenia’s share in the Eurasian Development Bank’s investment portfolio is 1.36%.

The Eurasian Development Bank’s assets grew 4.4% to $3 billion by the end of the first half of 2016. Its loan portfolio shrank 10.3% to $153.7 million. The bank’s capital was built up by 3.1% to $1.55 billion.

The Eurasian Development Bank was established in 2006 by Russia and Kazakhstan, the then only members of Eurasian Economic Union. Now also Armenia, Belarus, Kyrgyzstan and Tajikistan are the bank participants. --0----


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