YEREVAN, December 27./ARKA/. Armenian Inecobank and DWM Asset Management investment company, signed a loan agreement worth $8 million to finance micro, small and medium-sized businesses in Armenia, Inecobank told ARKA Monday.

Inecobank said it has been cooperating with DWM Asset Management since 2009 to contribute to the development of small and medium enterprises in Armenia. The deal was mediated by Symbiotics company with which Inecobank has also been cooperating for two years already to finance micro businesses.

"Inecobank appreciates the assistance of international organizations in boosting micro, small and medium enterprises in Armenia. The resources to be provided by DWM Asset Management will enable our clients to attract loans at more favorable terms," Inecobank CEO, Avetis Baloyan, was quoted as saying in a bank’s press release.

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Tags: AGREEMENT, DWM Asset Management, Inecobank

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EBRD to provide $6 million loan to Armeconombank for on-lending to SME.

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Tags: AGREEMENT, ARMECONOMBANK, EBRD

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Armenian Ardshininvestbank and the Asian Development Bank have signed a $15 million loan agreement December 8, Ardshininvestbank said today adding that the new funds will be channeled into financing small and medium-sized enterprises in Armenia. According to an Ardshininvestbank press release, the parties had earlier signed trade finance agreement in March, 2011.

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Tags: AGREEMENT, Ardshininvestbank, Asian development bank

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ADB to sign loan agreements with three Armenian banks soon.

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Tags: ADB, AGREEMENT, Armenia

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Armenian Araratbank has signed an agreement with three foreign banks today which will provide it with a $12 million syndicated loan for on-lending to small businesses.

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Inecobank attracts credit in $10 million for the development of small and medium-sized enterprises.

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Tags: AGREEMENT, Credit, DEG, Inecobank

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On Thursday, Armenian National Assembly ratified a $16-million loan agreement with International Development Agency to improve management of agricultural resources of communities and to enhance their competitiveness.

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Tags: AGREEMENT, Armenia, IDA

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EFSE has signed today a second loan agreement with Armenian Araratbank to provide it with a $10 million credit.

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Tags: AGREEMENT, Araratbank, EFSE

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IFC and ACBA Credit Agricole bank sign $20 million loan agreement to support small and medium businesses.

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Tags: ACBA-Cedit Agricole Bank, AGREEMENT, Armenia, IFC

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Russian-owned Bank VTB (Armenia) has opened a credit-documentary limit for Armenian Mika Group of companies in the amount of $20 million as part of its corporate business fostering strategy.

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Tags: AGREEMENT, Credit, Mika, VTB Bank (Armenia)

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