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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

YEREVAN, July 11. /ARKA/. 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.

The agreement was signed by the EDB Asset and Liabilities Manager Dmitry Ladikov-Roev, and the chairman of Araratbank Board Ashot Osipyan.

"I am happy to sign a new agreement that will consolidate and expand our cooperation with the EDB. The funds raised under this agreement will allow us to offer our customers more affordable and competitive loan products and contribute to the development of the Armenian economy," Osipyan said.
Ladikov-Roev noted that the EDB has a successful experience of working with Araratbank, having jointly launched micro crediting programs back in 2012.

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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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Armenia to attract $40 million loan from Asian Development Bank

13.12.2017 15:46

Armenia to attract $40 million loan from Asian Development Bank

The Armenian parliament has ratified today a loan agreement with the Asian Development Bank to the tune of $40 million

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Armenia receives third $100 million tranche of EFSD

08.12.2017 17:04

Armenia receives third $100 million tranche of EFSD

The Eurasian Fund for Stabilization and Development (EFSD), run by the Eurasian Development Bank, approved the release of the third tranche of a financial loan to Armenia in the amount of $ 100 million

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Armenia’s FINCA Credit Organization to receive $6-million loan and $200,000 in technical assistance grants from ADB

15.11.2017 16:17

Armenia’s FINCA Credit Organization to receive $6-million loan and $200,000 in technical assistance grants from ADB

The Asian Development Bank (ADB) is providing $6 million in loans and $200,000 in technical assistance grants to FINCA, one of the leading credit organizations in the country

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VTB Bank (Armenia) develops Super Card

14.11.2017 20:16

VTB Bank (Armenia) develops Super Card

VTB Bank (Armenia) said it has designed a new product, called Super Card, which offers a credit line with zero annual interest rate. The client pays only a monthly loan servicing fee (1.4% of the credit limit)

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