Thu, 24 July
33.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Armeconombank signs $10 million loan agreement with German DEG

YEREVAN, December 22. /ARKA/. Yerevan-based Armeconombank has signed a loan agreement with Deutsche Investitions und Entwicklungsgesellschaft mbH (DEG) to the tune of $10 million, a statement on the bank’s website says.

It says the bank will lend the funds to Armenian SMEs, which will have to use part of the loans to purchase Germany-made equipment and services.

The bank said it has signed this year a total of $42 million worth loan agreements with international lending organizations for financing Armenia-based micro, small and medium-sized businesses and trade.

Armeconombank was founded in 1991. Armeconombank has been a member of NASDAQ OMX Armenia since 2009, and since July 2015 a member of the settlement system of securities of the Central Depository. The shareholders of the bank are Sukiasyan Saribek – 31.32%, Sukiasyan Khachatur – 13.77%, Sukiasyan Robert – 14.21%, Sukiasyan Eduard – 10.66% and the EBRD – 5.04%. -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.

Viva Armenia CJSC bonds listed on Armenia Stock Exchange

The Armenia Stock Exchange (AMX) is pleased to welcome another major company to the capital market. Viva Armenia CJSC’s USD-denominated bonds will be listed on the Armenia Stock Exchange starting from 15 July.

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.

Armenian Market: Acceleration of Economic Activity is Positive for the Market

In the period from June 16 to June 30, 2025, the Armenian stock market demonstrated mixed dynamics.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

LATEST NEWS

spot_imgspot_imgspot_img