Armenia signs with KfW three loan agreements totaling €60 million

Banks

YEREVAN, December 9. /ARKA/. Head of the Central Bank of Armenia Arthur Javadyan and German’s KfW Bank Regional Director Olaf Zymelka signed Saturday three loan agreements totaling €60 million (€20 million each), the press office of the central bank reports.

One of these loans are intended for a program of financing Armenia’s farmers, the second one for stable development of mortgage market and the third for spurring the development of renewable energy.

According to the regulator’s press release, the agreements were signed in Vienna after a session of a board of the German-Armenian Fund, which operates with participation of KfW. -0—

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