YEREVAN, September 13. /ARKA/. The European Fund for Southeast Europe (EFSE) signed a loan agreement with Armenia’s Inecobank for 5 million euros to strengthen the financial grounds of the banks for supporting micro and small-sized businesses, the bank’s press office reported.

The loan agreement was initiated by KFW and was signed with financial support from Germany’s ministry of economic cooperation and development and the European Commission.

According to the report, Inecobank positions itself as a strong and stable player in Armenia’s banking system, able to provide support to micro and small-sized enterprises over the years.

Categories: Banks @en, General news, News, News of the hour | Comments Off on EFSE extends 5 mln euros in loan to Armenia’s Inecobank for small businesses

Tags: Armenia, EFSE, Inecobank

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Inecobank joined AVERS money transfer system on June 10, the bank’s press office told ARKA News Agency today

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Tags: Armenia, Banks, Inecobank

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Using a results-focused financing tool, IFC, a member of the World Bank Group, has helped Armenia’s Inecobank increase lending to micro and small businesses, sparking economic growth and cutting poverty in rural areas, Inecobank said in a press release today

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Tags: Armenia, IFC, Inecobank

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Armenia’s Inecobank has signed another, $8-million loan agreement with European Bank for Reconstruction and Development to onlend this money to micro, small and medium-size companies

Categories: Banks @en, General news, News, News of the hour | Comments Off on EBRD to lend $8 million to Inecobank for financing sme

Tags: EBRD, Inecobank

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Inecobank signs $8 million loan agreement with DWM Asset Management to boost SME.

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Tags: AGREEMENT, DWM Asset Management, Inecobank

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Armenian Inecobank said today it received USD 10 million in loan resources from the OPEC Fund for International Development (OFID).

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Tags: Armenia, Inecobank

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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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BlueOrchard finance SA pledges $5 loan to Armenian Inecobank for on-lending to micro and small companies.

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Tags: Armenia, BlueOrchard, Inecobank

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Inecobank gets EBRD financing for on-lending to private businesses in Armenia

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Tags: Armenia, EBRD, financing, Inecobank

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As part of a three-month long initiative to support small and medium-sized companies Armenian Inecobank said it has lowered interest rates from 12% to 9.5%.

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Tags: Armenia, Inecobank, RATES

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