YEREVAN, June 27. /ARKA/. Unlike in other South Caucasus countries, the portfolio of Black Sea Trade and Development Bank in Armenia is quite diversified, and about 50% of investments have been channeled into the real sector, BSTDB President Andrei Kondakov said in an interview with ARKA news agency.

"In Armenia, we can find interesting projects - in some countries it is not easy to do. We appreciate the fact that our Armenian portfolio is diversified. In neighboring countries we also have a lot of good projects, but they are mainly concentrated in the financial sector ", he said.

Kondakov said BSTDB’s funds have been injected in Armenia’s agriculture, retail and industry.
"The priorities of BSTDB operation in Armenia have been agreed on with the Armenian government. We believe that there is a very good possibility of lending to infrastructure, energy, including renewable, as well as to telecommunications sectors ", he added.

Categories: Banks @en, General news, News, News of the hour | Comments Off on Half of BSTDB investments in Armenia channeled into real economy: President

Tags: Armenia, INVESTMENTS, Kondakov

Read more

Armenia has successfully withstood the consequences of the global financial and economic crisis, the Black Sea Economic Cooperation Organization (BSECO)

Categories: anticrisis.am @en @en, Economy @en, General news, News, News of the hour | Comments Off on BSECO: Armenia successfully withstands consequences of global financial and economic crisis

Tags: Armenia, BSECO, Kondakov

Read more