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Armenia to receive €20 million from Germany’s KfW Bank under housing financing program

04.04.2016 17:29

Armenia to receive €20 million from Germany’s KfW Bank under housing financing program

YEREVAN, April 4. /ARKA/. Armenia will receive €20 million from Germany’s KfW Bank (Kreditanstalt fur Wiederaufbau) for implementation of the fourth stage of the program ‘Development of Sustainable Housing Financing Market’, the press office of the Central Bank of Armenia reports.

The German bank signed an appropriate agreement with the Armenian central bank on March 31.

The mentioned amount will be distributed though commercial banks and credit organizations, which will assume credit risks.

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Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenia to receive €20 million from Germany’s KfW Bank under housing financing program

Tags: Armenia, financing program, housing, KfW Bank

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