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ADB loan to further enhance financial markets, public efficiency in Armenia

16.11.2018 12:12

ADB loan to further enhance financial markets, public efficiency in Armenia

YEREVAN, November 16. /ARKA/. The Asian Development Bank (ADB) said today it has approved a $50 million policy-based loan as part of an ongoing program of financial reforms to strengthen public debt and fiscal risk management and develop financial markets in Armenia.

The second subprogram of the Public Efficiency and Financial Markets Program supports the Government of Armenia’s efforts to consolidate fiscal reforms, reduce financial risks in the economy, provide a sustainable framework for financial markets development, and usher in a more conducive environment for private sector involvement in infrastructure development. ADB provided $40 million in October 2017 to the first subprogram.

“ADB is committed to helping the Government of Armenia improve its economic growth and financial stability outlook through policy and technical assistance,” said ADB Senior Financial Sector Economist Mr. João Farinha-Fernandes. “The reforms that enabled the approval of this $50 million policy-based loan will continue the efforts laid out in the first subprogram.”

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Moody’s: loan concentration remain high at CIS banks, a negative for lenders

20.09.2018 18:08

Moody’s: loan concentration remain high at CIS banks, a negative for lenders

Loan books and deposit bases at banks in Russia and other members of the Commonwealth of Independent States (CIS) will continue to be highly concentrated on a small group of large corporates

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VTB Bank (Armenia) launches mortgage loan refinancing / repurchasing program

03.09.2018 17:16

VTB Bank (Armenia) launches mortgage loan refinancing / repurchasing program

The Yerevan-based VTB Bank (Armenia) said today it has launched a new program designed for refinancing / repurchasing mortgage loans from other banks and credit institutions

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Unibank offers new loan Solar Energy to SMEs

19.07.2018 13:20

Unibank offers new loan Solar Energy to SMEs

Unibank, in partnership with Stiegen, renewable energy company, offers a new loan called Solar Energy, the bank’s press office reported on Thursday

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Eurasian development bank and Armenian Araratbank sign $6 million loan agreement

11.07.2018 17:33

Eurasian development bank and Armenian Araratbank sign $6 million loan agreement

The Yerevan-based Araratbank and the Eurasian Development Bank (EDB) signed a $6 million loan agreement today. The loan will be on-lent as micro loans to small and medium-sized businesses in Armenia

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Armenian banks’ loan loss reserves grew by 37 percent in quarter one, 2018

21.05.2018 18:01

Armenian banks’ loan loss reserves grew by 37 percent in quarter one, 2018

Armenian banks’ loan loss reserves in the first quarter of 2018 amounted to 140.8 billion drams, an increase of 37% or 38.1 billion drams when compared to the same period last year

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ADB loan, equity to Ameriabank to help promote financial inclusion in Armenia

07.05.2018 15:28

ADB loan, equity to Ameriabank to help promote financial inclusion in Armenia

The Asian Development Bank (ADB) and Ameriabank CJSC (AMB) signed an agreement for an equity investment equivalent of $30 million to strengthen Armenia’s banking sector and further promote financial inclusion in the country

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VTB Bank (Armenia) not to impose penalties for overdue loan payments until May 31

03.05.2018 11:14

VTB Bank (Armenia) not to impose penalties for overdue loan payments until May 31

Payments on VTB Bank (Armenia) loans, scheduled for May 2 to May 31, inclusive, can be made until May 31, 2018, the bank’s press service reported

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VTB Bank (Armenia) launching last in 2017 loan-offering campaign

28.12.2017 13:48

VTB Bank (Armenia) launching last in 2017 loan-offering campaign

VTB Bank (Armenia) is launching the last in 2017 campaign offering gold-secured loans, the press office of the bank reported on Thursday

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Armenia to get another KfW 15 million euro loan to enhance energy saving

19.12.2017 18:23

Armenia to get another KfW 15 million euro loan to enhance energy saving

The Central Bank of Armenia and the German bank KfW have signed a loan agreement today to the tune of 15 million euros. The funds will be used to finance the implementation of energy saving projects by micro, small and medium-sized businesses, the Central Bank said

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