Wed, 24 September
18.1 C
Yerevan
USD: 382.85 RUB: 4.58 EUR: 451.57 GEL: 141.09 GBP: 517.23

Armenia’s National Assembly ratifies two loan agreements worth $100 million and €100 million

YEREVAN, December 9. /ARKA/. The Armenian National Assembly has ratified two loan agreements at an extraordinary session on Friday.

Armenian Deputy Minister of Finance Vahe Hovhannisyan noted that under one agreement Armenia will receive $100mln from the Asian Development Bank, and under the other  €100mln from the French Development Agency (AFD).

The first loan’s repayment period is 12 years with a grace period of 3 years, and 20 years for the second with a 5-year grace period.

Both agreements give the government the freedom to choose between fixed and floating interest rates.

The loans will be used to cover the 2022 budget deficit and implement several capital expenditures. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

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.

LATEST NEWS

spot_imgspot_imgspot_img