YEREVAN, October 18. /ARKA/. The Dutch Development Bank (FMO) and Armenia-based ACBA-CREDIT AGRICOLE BANK have signed a loan agreement to the tune of USD 15 million.

The agreement was signed on the sidelines of a FMO-organized conference in the Dutch town of Noordwijk titled ‘The Future of Finance," ACBA-CREDIT AGRICOLE BANK said today in a press release.

The Bank said the loan funds will be channeled into the development of Armenia’s small and medium-sized enterprises and the agricultural sector. The loan is multi-currency, meaning that funds will be available both in US dollars and Armenian drams.  The Bank described the agreement as the first step of direct cooperation with FMO.

Categories: Banks @en, General news, News, News of the hour | Comments Off on Dutch Development Bank (FMO) and ACBA-CREDIT AGRICOLE BANK sign USD 15 million loan agreement to boost Armenia’s SME and agriculture

Tags: ACBA-Credit Agricole bank, agriculture, Armenia, Dutch Development Bank, LOAN AGREEMENT, SME

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Armenia will introduce an agriculture insurance system, Armen Harutyunyan, Armenian deputy agriculture minister, told journalists on Friday.
In his words, the methodology of the system introduction has already been discussed and developed with support from the Central Bank of Armenia

Categories: General news, Insurance market, News, News of the hour | Comments Off on Armenia to introduce agriculture insurance system

Tags: agriculture, Armenia, insurance

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ACBA-CREDIT AGRICOLE BANK has named today the winners of a free “Certification of Organic Agricultural Products” program

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Tags: ACBA-Credit Agricole bank, agriculture, certification, program

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YEREVAN, July 6. /ARKA/. Armenia’s economic activity hiked to 2.7% in January-May this year, due to growth in agriculture and industry, the press office of the Central Bank of Armenia reported. The board of the central bank says the macroeconomic stability obtained in the beginning of the year helps promote economic activity recovery, according to […]

Categories: Economy @en, General news, News | Comments Off on Agriculture and industry contributes to Armenia’s economic activity hike to 2.7 percent

Tags: agriculture, Armenia, Percent

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The Armenian government secured on Tuesday 15.75 million euros in a German loan and a grant which it said will be used for supporting the country’s agricultural sector. The relating agreement was signed by the Central Bank of Armenia and the state-run German development bank KfW

Categories: Banks @en, General news, News, News of the hour | Comments Off on German bank KFW to provide Armenia with 15 million euro loan to assist agriculture

Tags: agriculture, Armenia, KFW

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Armenian credit organizations’ lending to agriculture rose by 2.7% to about AMD 46.7 billion as of the end of April compared to March, the Central Bank of Armenia reports in its monthly review

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Tags: agriculture, Armenia, CREDIT ORGANIZATIONS

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Armenia-based Anelik Bank said beginning from December 2 it will offer a new type of lending designed for large, small and medium-sized agribusinesses

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Tags: agriculture, Anelik Bank, Armenia

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Armenian banks’ lending to agricultural sector dropped by 2.1% in the third quarter of 2013 to a total of 105.7 billion drams as of the end of September

Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenian banks’ lending to agriculture drops by 2.1% in Q2

Tags: agriculture, Banks, lending

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Armenian banks’ loans to industries rose by 1.1% to about 300.9 billion drams as of the end of June 2013, compared to the quarter before

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Tags: agriculture, Banks, lending

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Armenian credit organizations’ lending to agriculture totaled about 35.8 billion drams at the end of April, a 2.9% increase against the end of March level, says the monthly information guidebook of Armenia’s Central Bank for April

Categories: General news, Loan organizations, News, News of the hour | Comments Off on Credit organizations’ agriculture lending rose by 2.9% to 35.8 billion drams in April

Tags: agriculture, CREDIT ORGANIZATIONS, lending

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