Sun, 5 October
25.1 C
Yerevan
USD: 382.76 RUB: 4.67 EUR: 449.25 GEL: 140.62 GBP: 514.85

EBRD commitments in Armenia exceed 400 million euro

YEREVAN, June 9. / ARKA /. In an interview with ARKA news agency, Valeriu Razlog, head of EBRD Yerevan Office, said since its inception here EBRD has committed a total of 400 million euros in aid to Armenia.

He said EBRD’s investments in 2011 are about 22 million euros, with most of the funding going to the banking sector of Armenia. Razlog said also EBRD expect its lending this year to grow to around 53 million euros.

‘We will continue to work with banks and are considering presently several projects in the private sector, which I think will be implemented before the end of this year,’ he said adding that EBRD is also working on a project designed to finance water infrastructure development. This project is currently under development, he said. EBRD opened its office in Armenia in 1994.-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.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

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

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

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img