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Tag: BlueOrchard

Armeconombank to receive $3 million loan from BlueOrchard Microfinance Fund LLC

Banks
Armenian Armeconombank ojsc and BlueOrchard Microfinance Fund LLC, an investment company located in Grand Duchy of Luxembourg, signed a $3 million loan agreement, proceeds from which will be used for on-lending to and development of micro and small businesses in Armenia

BlueOrchard finance SA pledges $5 loan to Armenian Inecobank for on-lending to micro and small companies

Banks
BlueOrchard finance SA pledges $5 loan to Armenian Inecobank for on-lending to micro and small companies.

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ACBA Bank to Invest $50 Million in MSME Development in Partnership with JICA (VIDEO)

ACBA Bank and the Japan International Cooperation Agency, JICA, are launching a partnership, as a result of which ACBA Bank will invest $50 million in the development of micro, small and medium-sized enterprises in Armenia.

Pashinyan: “banking secrecy is no longer a ‘sacred cow’ in democratic countries”

Armenian Prime Minister Nikol Pashinyan said today that banking secrecy cannot be inaccessible to the state.

Euro down 1.47 points to 412.25 drams

The average market exchange rate of the US dollar to the Armenian dram as of January 31, 2024, was 97.35 drams, down 0.57 points compared to January 30.

Armenian company buys Russian subsidiary of Goldman Sachs

Russian President Vladimir Putin has authorised the purchase of Goldman Sachs' unit in Russia by investment company Balchug Capital, a government decree published on Friday showed, Frank Media reports.

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