Mon, 7 April
11.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Ardshininvestbank offers new type of business credits to private resident entrepreneurs

 YEREVAN, July 2, /ARKA/. Armenian Ardshininvestbank said it is offering a new   type of business credits to  private  resident entrepreneurs. A press release by the bank said the credits will be available only in foreign currency. It said credits in Euro will be issued at  20% interest rate  and in USD at 22% interest rate.

The new credits are repayable in three years  and must be secured by collateral that must cost  50% higher than the amount of requested loan. The minimum amount of a credit to a borrower is an equivalent of 1 million Drams and the maximum is an equivalent of 15 million Drams.

The majority stake of 86.62% in Ardshininvestbank is owned by Business Investments Center  and 10% by International Financial Corporation (IFC). The bank is an affiliated member of international MasterCard/Europay payment system and has a share in Armenian Card.  The bank has 49 branches in Armenia, six in Nagorno-Karabakh and an office  in Paris, France.  ($1 – 367. 67 Drams).-0-

spot_img

POPULAR

Armenia’s public debt increased by 6.2% at the end of 2024 – Finance Ministry

Armenia's public debt at the end of 2024 increased by 6.2% compared to the same period in 2023, reaching about 5 trillion drams, said Armenian Finance Minister Vahe Hovhannisyan.

Armenia’s top 5 banks by asset size for Q3 2023

According to ARKA news agency's quarterly bulletin 'Banks of Armenia,' the top 5 commercial banks of Armenia by asset size as of 30.09.2023 were Ardshinbank, Ameriabank,  Armbusinessbank, Acba Bank and Inecobank

Armenian banks’ profits should be invested into various sectors- UBA head

Accumulated profits and funds of the banks should be directed to investments, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), in response to a question from ARKA news agency about forecasts for 2025 and the readiness of banks to contribute to the capital market development.

Fitch: Armenia plans to issue Eurobonds in the first quarter of 2025

Armenian authorities are planning to issue Eurobonds in the first quarter of 2025 to repay a $313 million Eurobond maturing in March 2025, Fitch Ratings said in a report.

Thirty-five billion  drams worth government bonds auctioned at Armenian Stock Exchange

On March 11th, a 35 billion AMD government bonds allocation auction took place on the Armenia Stock Exchange. 

LATEST NEWS

spot_imgspot_imgspot_img