Thu, 6 March
13.1 C
Yerevan
USD: 394.58 RUB: 4.43 EUR: 425.79 GEL: 141.83 GBP: 507.86
spot_img

Armenian Finance Minister and head of ADB Yerevan Office discussed Armenia’s loan portfolio

YEREVAN, May 27. /ARKA/. Armenian Finance Minister Tigran Khachatryan and Paolo Spantigati,  the head of the Yerevan Office of the Asian Development Banks (ADB), discussed today ADB’s current and future projects in Armenia, the Finance Ministry’s press service reported.

It said Khachatryan attached importance to the  effective partnership between the Armenian government and ADB.

The two men were said to give special attention to the construction of the North-South Highway, financed by the bank, as well as to the  improvement of the road networks and transport infrastrcuture in Yerevan and beyond.

The sides also touched upon the provision of technical assistance by the ADB to Armenia in  reforming the justice and healthcare sectors.

ADB’s total investments in Armenia totaled $1.6 billion as of late February this year.  ADB, founded in 1966, has 68 members in 49 regions. The Bank aims at achieving prosperity, inclusiveness, flexibility, and stability in Asia and the Pacific, also eradicating extreme poverty. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img