Armeconombank concludes second loan agreement with Belgian Incofin CVBA to the tune of $10 million

20.11.2017 15:56
Armeconombank concludes second loan agreement with Belgian Incofin CVBA to the tune of $10 million

YEREVAN, November 20. /ARKA/. Armenian Armeconombank said it has concluded a second loan agreement with the Belgian investment company INCOFIN CVBA to the tune of $10 million. The loan will be used to finance micro and small businesses to stimulate Armenian economy, the bank said.

In 2016, Armeconombank attracted about $39 million from international lending organizations. The funds were used to finance trade, as well as micro and small businesses. Since the beginning of this year, the bank has attracted $26 million. It also expects to conclude more loan agreements for $12 million before the end of the year.

Armeconombank has been a member of NASDAQ OMX Armenia since 2009, and since July 2015 a member of the settlement system of securities of the Central Depository. The shareholders of the bank are Sukiasyan Saribek - 31.32%, Sukiasyan Khachatur - 13.77%, Sukiasyan Robert - 14.21%, Sukiasyan Eduard - 10.66% and the EBRD - 5.04%. -0-


Tags:

Partners news
Loading...

Related Posts