YEREVAN, July 1. /ARKA/. The Asian Development Bank (ADB) and the Armenian Armeconombank OJSC signed a $15 million loan agreement to increase lending to micro, small and medium-sized businesses owned by women in Armenia, especially in regions outside Yerevan.

"We are very pleased to cooperate with Armeconombank to support micro, small and medium-sized businesses. They have a significant impact on the Armenian economy and are especially important for women, as they provide greater inclusion and assistance to the economic development of the country," said Christine Engstrom. ADB Director for Private Sector Financial Institutions, Private Sector Operations Department.

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Tags: ADB, AGREEMENT, ARMECONOMBANK, enterprises, support, women-led

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Armenia-based 21 commercial banks’ overall lending to private enterprises surged by 18.5 percent in the third quarter this year from the same period last year to a little over 1 trillion drams

Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenian banks’ lending to private enterprises surges by 18.5 percent in third quarter to about 1.1 trillion drams

Tags: Banks, enterprises, lending, quarter

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