Sun, 27 July
26.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

EDB’s current investment portfolio in Armenia $79mln

YEREVAN, March 6. /ARKA/. EDB’s current investment portfolio in Armenia is $79mln, director of Eurasian Development Bank Yerevan office Sergey Ignatov said in his interview to ARKA Agency.

“The current portfolio of the bank includes projects on SME financing and microfinance in a form of target credit lines to financial institutions,” Ignatov said.

The head of EDB’s Yerevan office also said that the bank is now considering a number of major projects in agriculture, mining, transport infrastructure, and etc.

Ignatov said that the bank’s investment portfolio reached $109mln by the end of 2012, including the redeemed projects.

The Eurasian Development Bank is an international financial institution established by Russia and Kazakhstan in January 2006 to promote development of market economies in member countries, sustainable economic growth and extension of mutual trade and economic ties.

The authorized capital stock of the bank exceeds $1.5bln, the member countries are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan.–0–

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

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.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img