YEREVAN, February 10. /ARKA/. The Black Sea Trade & Development Bank has signed a USD 10-million loan agreement with Armeconombank. President of the BSTDB Dmitry Pankin said Monday after the signing ceremony that this is already the third loan the bank is providing to Armeconombank.

He said the previous loans had been used for financing small and mid-scale businesses. "More than 180 loans have been extended and we hope that the new agreement will be used for financing SMEs, since we find it very important for Armenia to create favorable conditions for SME development," he said.

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Tags: AGREEMENT, ARMECONOMBANK, BSTDB, LOAN

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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

Categories: 121, 144, Economy @en, General news, News, News of the hour | Comments Off on WB to provide EUR 45.8 million loan to Armenia for reform sustainability

Tags: Armenia, LOAN, WB

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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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Tags: Armenia, budget, IBRD, LOAN

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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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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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Tags: Araratbank, EFSE, LOAN

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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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Tags: Armenia, Banks, Interest rates, LOAN

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Armenia’s Investigative Committee reported Monday about completion of the criminal case over a 52-year-old man, who had taken a loan by submitting false papers of a contract serviceman

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Tags: forged papers, LOAN

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Armenia’s National Assembly has approved today in the second and final reading a draft law on consumer lending, proposed by the Bright Armenia party

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Tags: Armenia, LOAN, PARLIAMENT

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The Yerevan-based Unibank said today it will be showcasing its loan products

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YEREVAN, April 4. /ARKA/. The government of Armenia has approved today a program on subsidizing interest rates on loans provided for installment of anti-hail grids. Minister of Agriculture Gegham Gevorgyan said the subsidies will apply to loans for the installation of anti-hail grids for fruit and vine gardens ranging from 0.5 to 10 hectares. He […]

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Tags: anti-hail grids, Government of Armenia, LOAN

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