YEREVAN, December 16, /ARKA/ The European Bank for Reconstruction and Development (EBRD) is providing a local currency loan in Armenian drams equivalent to US$ 8 million through a local currency financing facility to ACBA-CREDIT AGRICOLE BANK (ACBA), the EBRD press office reported on Thursday.

The funds will support the development of Armenia’s private sector with a particular focus on micro, small and medium-sized enterprises (MSMEs) as well as women-led businesses.

The equivalent of US$5 million will be on-lent to viable MSMEs, whose access to finance, especially in local currency, remains limited. In addition, the facility will support the development of women’s entrepreneurship in Armenia by on-lending the equivalent of US$ 3 million to women-led small and medium-sized businesses.

Categories: Banks @en, General news, News, News of the hour | Comments Off on EBRD extends $8-million loan in drams to Armenia’s ACBA-CREDIT AGRICOLE BANK

Tags: ACBA-Credit Agricole bank, Armenia, Credit, EBRD

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Armenia and the World Bank signed December 8 a US$50 million development policy finance operation to support the Government’s reforms program across key economic areas

Categories: Economy @en, General news, News, News of the hour | Comments Off on Armenia and World Bank sign US$50 million development policy finance operation to support government’s reforms program

Tags: Armenia, Credit, World Bank

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The Yerevan-based Unibank said today that applications for receiving consumer loans U-Cash, provided in Armenia’s national currency, the dram, can be made online as well, without visiting the bank

Categories: Banks @en, General news, News, News of the hour | Comments Off on Unibank enlarges opportunities for online loan applications

Tags: Credit, loan applications, Unibank

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VTB Bank (Armenia) has unveiled today a new service called “Redemption of loans for consumer purposes,” available at more affordable terms, saying in a press release that the loans can be used to pay off one or several loans in an another bank or banks

Categories: Banks @en, General news, News, News of the hour | Comments Off on VTB bank (Armenia) unveils new service- “redemption of loans for consumer purposes"

Tags: Armenia, Credit, service, VTB Bank (Armenia)

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Anelik Bank, continuing to expand the range of its lending products, offers a new type of loans – Fast Resources, the bank’s press office reported on Wednesday

Categories: Banks @en, General news, News, News of the hour | Comments Off on Anelik Bank offers new kind of loans – Fast Resources

Tags: Anelik Bank, Credit, Fast Resources

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Armenian Armbusinessbank Board of Directors has decided to annul all credit obligations of servicemen who were killed in the latest upsurge of violence in Nagorno-Karabakh provoked by Azerbaijan, and also the obligations of their families

Categories: Banks @en, General news, News, News of the hour | Comments Off on Armbusinessbank annuls credit obligations of soldiers killed in Nagorno-Karabakh

Tags: Armbusinessbank, Credit, Nagorno-Karabakh

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As of October 1, 2015 the total credit portfolio of Armenian banks’ branches in Nagorno-Karabakh Republic (NKR) increased by 13.8% from the same period of 2014 to 87.289.4 billion drams, the National Statistical Service of NKR said. But compared to the previous month the portfolio was less by 2%

Categories: Banks @en, General news, News | Comments Off on Credit portfolio of banks in Karabakh grows by 14 percent to 87.3 billion drams

Tags: Armenia, bank @en, Credit

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Armenian commercial banks’ overall credit investments in the first quarter of 2015 dropped by 3.54% from the beginning of the year to 2.075.6 trillion drams, according to ARKA news agency’s latest issue of Financial and Economic Bulletin (Armenian banks performance indicators for the first quarter of 2015)

Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenian banks’ credit investments in first quarter drop by 3.54% to 2.075.6 trillion drams

Tags: Armenia, bank @en, Credit

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Armenian Ardshinbank said today it has raised the ceiling of credit lines available to holders of its payroll cards up to ten times the size of their net wage. According to a bank’s press release, the credit lines are available in the national currency, the dram

Categories: Banks @en, General news, News, News of the hour | Comments Off on Ardshinbank raises ceiling of credit lines available to holders of its payroll cards

Tags: Ardshinbank, Armenia, Credit

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ACBA-CREDIT AGRICOLE BANK has unveiled today a new type of loan called Credit+ designed specifically for legal entities which have taken loans from another bank or credit organization and need to obtain new funds without spending additional time, the bank’s press office reports

Categories: Banks @en, General news, News, News of the hour | Comments Off on ACBA-CREDIT AGRICOLE BANK announces new type of loan called Credit+

Tags: ACBA-Credit Agricole bank, Armenia, Credit

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