Sat, 26 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Adshinbank joins EBRD’s trade facilitation program

YEREVAN, January 11. /ARKA/. On December 30, 2015 Armenian Ardshinbank and the European Bank for Reconstruction and Development (EBRD) signed an agreement whereby Ardshinbank joined the EBRD’s Trade Facilitation Program as an Issuing Bank.

As part of the agreement EBRD has provided Ardshinbank with a US $10 million limit to be used for trade finance transactions.

The Bank said participation in the Trade Facilitation Program will enable it to expand the scope of its partnership and business geography through participating confirming banks.

Ardshinbank is the second largest bank in Armenia and has one of the broad sales network comprising of 55 branches. Euromoney magazine named Ardshinbank the Best Bank in Armenia in 2015.

On July 2015 Ardshinbank issued US $100 million Eurobond representing the first issuance from any private sector entity in Armenia. Ardshinbank is the only private entity in Armenia with assigned ratings from two international major rating agencies (Moody’s and Fitch) equal to the rating of Sovereign.-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 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.

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.

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