YEREVAN, December 27. /ARKA/. International Financial Corporation (IFC) and Union of Banks of Armenia have signed a memorandum of cooperation. According to the memorandum, training courses on highly efficient SME risk management will be held for staffs of commercial banks and micro-credit organizations, press service of IFC told ARKA Agency.

During the training courses international experience will be communicated to local finance staffs to improve their skills and financial risk resistance, as well as to expand lending capacity, for small and medium businesses (SME) in particular.

Armenia became a member of IFC in 1995.  Since then, some 37 economic programs worth a total of $238 million have been implemented by the IFC in the country.

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Tags: CBA, IFC, SME, trainings

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Ameriabank together with USAID FS Share program begins a project designed for financing the floating capital of small and medium-sized businesses, based on Purchase Order Financing.

Categories: Banks @en, General news, News | Comments Off on Ameriabank together with USAID fs share begins project for financing SME floating capital

Tags: Ameriabank, Armenia, SME

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EBRD and Armswissbanksign $8 million agreement for on-lending to SME

Categories: Banks @en, General news, News | Comments Off on EBRD and Armswissbanksign $8 million agreement for on-lending to SME

Tags: AGREEMENT, Armenia, EBRD, SME

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