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Inecobank receives USD 15-million subordinated loan from Blue Orchard Microfinance Fund

28.02.2019 18:03

Inecobank receives USD 15-million subordinated loan from Blue Orchard Microfinance Fund

YEREVAN, February 28. /ARKA/. Inecobank has received a USD 15-million subordinated loan from Blue Orchard Microfinance Fund international financial organization, the bank’s press office reported on Thursday. According to the bank’s press release, the contract was signed on February 7.

“Inecobank, which is reckoned among Armenia’s flagship banks for attracting financial resources from foreign financial organizations, has highly diversified financial sources either in liabilities or in shareholder capital,” Inecobank Executive Director Tigran Davtyan is quoted in the press release.

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