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Tag: DEG

agRIF cooperatief U.A. acquires 10% OF IFC and DEG shares in Inecobank

Banks
Armenia-based Inecobank has announced the completion of the acquisition of IFC and DEG shares in Inecobank by agRIF Cooperatief U.A. agRIF is managed by Incofin Investment Management

Armeconombank signs $10 million loan agreement with German DEG

Banks
Yerevan-based Armeconombank has signed a loan agreement with Deutsche Investitions und Entwicklungsgesellschaft mbH (DEG) to the tune of $10 million, a statement on the bank’s website says

Araratbank signs $10 million loan agreement with German DEG

Banks
Armenian Araratbank said today it has signed a $10 million loan agreement with German investment company DEG-DEUTSCHE INVESTITIONS UND ENTWICKLUNGSGESELLSCHAFT MBH (DEG)

Inecobank attracts credit in $10 million for the development of small and medium-sized enterprises

Banks
Inecobank attracts credit in $10 million for the development of small and medium-sized enterprises.

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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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