Mon, 20 October
17.1 C
Yerevan
USD: 382.59 RUB: 4.71 EUR: 447.25 GEL: 141.36 GBP: 513.89

Byblos Bank Armenia launches its $5-million program of financing small- and mid0scale businesses

YEREVAN, December 29. /ARKA/. Byblos Bank Armenia has already embarked on implementation of its $5-million program, the bank’s press office reported on Wednesday. Under the agreement with OFID and OPEC, the bank will lend money to small- and mid-scale businesses. Loans will be extended for up to five years at preferential interest rates.

The OPEC Fund for International Development is an intergovernmental development finance institution established in 1976. Lebanese BYBLOS BANK SAL holds 65% of Byblos Bank Armenia, European Bank for Reconstruction and Development holds 25%, and the remaining 10% belong to OPEC Fund for International Development. M.V.-0—

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

LATEST NEWS

spot_imgspot_imgspot_img