Fri, 13 June
17.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Armenian National Mortgage Company to issue “green bonds” with the assistance of French Development Agency

YEREVAN, 26 June. /ARKA/. The Armenian National Mortgage Company and the French Development Agency (Agence Française de Développement, AFD) are preparing to issue “green bonds” to support 16,000 families across the country in their energy transition, the French Embassy in Armenia reports.  

“This programme will provide comfort and savings for families by reducing energy dependency in Armenia,” the embassy said in a statement on X.  

The National Mortgage Company declined a request from the Arka news agency to specify the number of bonds and their total value, saying detailed information will be provided on the company’s official website in the near future.  

The National Mortgage Company is a refinancing credit institution registered and licensed by the Central Bank of Armenia on 19 October 2011 with the charter capital of almost AMD 30 billion.

The sole shareholder and founder of the company is the Central Bank of Armenia. The company cooperates with local commercial banks and credit institutions, as well as with international organisations – KfW Bank, French Development Agency, UN Development Programme, EU, Black Sea Trade and Development Bank and others. -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