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EBRD provides Inecobank with us$ 25 million loan to expand access to finance for Armenian businesses amid COVID-19 crisis

10.06.2020 17:36

EBRD provides Inecobank with us$ 25 million loan to expand access to finance for Armenian businesses amid COVID-19 crisis

YEREVAN, June 10. /ARKA/. The European Bank for Reconstruction and Development (EBRD) is providing a US$ 25 million loan to InecoBank, a longstanding partner bank in Armenia, for extending support to private companies that have been affected by the economic impact of the coronavirus pandemic.

“InecoBank is well placed to channel EBRD funds to companies that are going through this unprecedented period of volatility. Getting financial help to businesses and providing uninterrupted lending is essential for keeping the economy going,” said Dimitri Gvindadze, EBRD Head of Armenia.

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IMF to provide Armenia with $280 million loan

15.04.2020 19:38

IMF to provide Armenia with $280 million loan

The International Monetary Fund (IMF) said last week that around $280 million will be available in financial assistance for Armenia immediately after its Board meeting, Deputy Economy Minister Avag Avanesyan told a news conference today

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Ardshinbank and the Black Sea Trade and Development Bank have signed a USD 20 million loan agreement

26.03.2020 18:57

Ardshinbank and the Black Sea Trade and Development Bank have signed a USD 20 million loan agreement

Ardshinbank has received the fifth facility from the Black Sea Trade and Development Bank (BSTDB) in the amount of USD 20 million to support small and medium-sized enterprises (SMEs) in Armenia

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Araratbank attracts $10-million loan from Dutch Development Bank FMO

17.02.2020 13:55

Araratbank attracts $10-million loan from Dutch Development Bank FMO

FMO, the Dutch Development Bank, has provided USD 10 million to Araratbank, the press office of the Armenian bank reports. According to the bank’s press release, the financial means will be lent for implementation of SME development programs as well as energy-saving and so called green business programs

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BSTDB signs $10-million loan agreement with Armeconombank

10.02.2020 16:39

BSTDB signs $10-million loan agreement with Armeconombank

The Black Sea Trade & Development Bank has signed a USD 10-million loan agreement with Armeconombank

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WB to provide EUR 45.8 million loan to Armenia for reform sustainability

22.11.2019 15:43

WB to provide EUR 45.8 million loan to Armenia for reform sustainability

The World Bank’s Board of Executive Directors approved Thursday a new, EUR 45.8 million (US $50 million) loan for the Armenia Governance Development Policy Operation (DPO), a budget support operation, the press office of the World Bank reports

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Armenia to get €45.8 million budget assistance loan from IBRD

15.11.2019 10:56

Armenia to get €45.8 million budget assistance loan from IBRD

The International Bank for Reconstruction and Development (IBRD) will provide Armenia with a budget assistance loan worth €45.8 million, First Deputy Finance Minister Karen Brutyan said during a government meeting on Thursday

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Loan interest rates are gradually moving down in Armenia

31.10.2019 16:21

Loan interest rates are gradually moving down in Armenia

Loan interest rates are gradually moving down in Armenia, Mher Abrahamyan, chairman of the Union of Banks of Armenia, told journalists on Wednesday. In his words, the downward movement of interest rates is seen either on loans in the national currency or on loans in foreign currencies, and this drives banks’ margin down

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EFSE provides Araratbank with multi-currency senior loan equivalent to USD 10 million

10.10.2019 18:56

EFSE provides Araratbank with  multi-currency senior loan equivalent to USD 10 million

The European Fund for Southeast Europe (EFSE) said it has once again teamed up with long-time partner ARARATBANK to drive local business growth in Armenia

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Interest rates on Armenian banks' loan drop, Pashinyan says

17.09.2019 17:13

Interest rates on Armenian banks' loan drop, Pashinyan says

Interest rates on loans provided by Armenian commercial banks have decreased, Prime Minister Nikol Pashinyan said at a press conference in Vanadzor on Monday

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