Acba Bank is the first bank in Armenia to start cooperation with the American International Development Finance Corporation (DFC), as a result of which a $50 million loan will be allocated to support micro, small and medium enterprises (MSMEs) in Armenia and stimulate economic growth, the bank’s press service reported.
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Archive for October 24th, 2024
Acba Bank to channell $50 million loan into business development in Armenia
Thursday, October 24th, 2024US dollar down 0.53 Points to AMD 387.14
Thursday, October 24th, 2024The average market exchange rate of the US dollar to the Armenian Dram as of October 24, 2024, was AMD 387.14, down 0.53 points compared to October 23.
French Development Agency to provide Armenia with a loan of 75 million euros
Thursday, October 24th, 2024The Armenian parliament on Thursday ratified a project for Armenia to receive a loan of 75 million euros from the French Development Agency, which will be used to support the country’s state budget.
Armenia to receive €236m loan from EBRD for Sisian-Qajaran road construction
Thursday, October 24th, 2024Armenian National Assembly approved a loan of 236 million euros from the European Bank for Reconstruction and Development (EBRD), which will be used for the construction of the southern section of Sisian-Qajaran highway of the ‘’North-South’’ transport corridor.
Acba Bank to receive $50m from US DFC for SME development in Armenia
Thursday, October 24th, 2024American International Development Finance Corporation (DFC) will provide $50 million to Acba Bank, which will be channelled into financing and development of micro, small and medium businesses in Armenia.
