YEREVAN, March 24. /ARKA/. Black Sea Bank of Trade and Development discusses the opportunity of crediting five Armenian banks in the amount of 4-8 million EURO, said the President of the Bank Andrey Kondakov in the press-conference in Yerevan on Thursday.
“We can’t tell the names of the banks yet, but soon we will give information for the press”, he said.
Black Sea Bank of Trade and Development cooperates with three Armenian banks in Armenia – ACBA -Credit Agricole Bank, Inecobank and Armeconombank.
Black Sea Bank of Trade and Development plans to implement a large real estate project in Armenia. Currently they discuss this project which promises to become one of the largest projects in Armenia.
Currently, 10 projects of Black Sea Bank of Trade and Development are implemented in Armenia in the total amount of 51 million EURO.
Black Sea Bank of Trade and Development is an international NGO related to the organization of Black Sea Economic Cooperation where the share of Russia, Greece and Turkey is 16.5%, Bulgaria, Romania and Ukraine – 13.5%, Albania and Azerbaijan – 2% of charter capital, Armenia, Moldova and Georgia – 1%.
Priority directions of the Bank’s activity is funding of projects having mutual interest for member-states, particularly in the sphere of energy, transport and industry, as well as crediting of trade deals.
Since 1999 the Bank has funded 169 projects in the total amount of $2.1 billion. The asset portfolio of the bank is $1.1 billion. –0–
