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Tag: LOAN AGREEMENT

Armenian Central Bank, KfW sign 70 million euro loan agreement

Economy
The Central Bank of Armenia and the German KfW Development Bank signed a loan agreement on Monday for the 3rd stage of the SME lending program, which will go along with a technical assistance

USD 25 million Loan Agreement to reduce inequalities

Banks
AraratBank and FMO, the Dutch entrepreneurial development bank — highlighting the financial inclusion — signed a loan agreement for a total amount of USD 25 million

AraratBank signs a € 3 million Loan Agreement with Incofin IM

Banks
AraratBank has raised EUR 3 million from two funds advised by impact investor Incofin Investment Management: EUR 1, 5 million from Volksvermogen NV and EUR 1, 5 million from Incofin CVSO providing micro entrepreneurs an access to small loans

ACBA-CREDIT AGRICOLE BANK and Proparco sign $20 million loan agreement

Banks
The ACBA-CREDIT AGRICOLE BANK and Proparco, a subsidiary of the French Development Agency, focused on private sector development, signed a loan agreement to the tune of $20 million that will be channeled into the development of small and medium-sized enterprises in Armenia's agricultural sector, the Bank said today in a press release

Armenian parliament is considering ratification of $315 million loan agreement with IMF

Economy
An emergency session of the Armenian parliament discussed today ratification of an agreement with the IMF regarding the use of the $280 million loan, allocated to Armenia in May 2019, and attraction of an additional loan in the amount of $35 million. The money is to help Armenia fight the coronavirus outbreak and mitigate its economic consequences

ACBA-CREDIT AGRICOLE BANK and EBRD sign $17 million loan agreement

Banks
The Yerevan-based ACBA-CREDIT AGRICOLE BANK and the European Bank for Reconstruction and Development (EBRD) have concluded a loan agreement to the tune of $17 million, the bank's press service reported

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

Armeconombank concludes second loan agreement with Belgian Incofin CVBA to the tune of $10 million

Banks
Armenian Armeconombank said it has concluded a second loan agreement with the Belgian investment company INCOFIN CVBA to the tune of $10 million

Dutch Development Bank (FMO) and ACBA-CREDIT AGRICOLE BANK sign USD 15 million loan agreement to boost Armenia’s SME and agriculture

Banks
The Dutch Development Bank (FMO) and Armenia-based ACBA-CREDIT AGRICOLE BANK have signed a loan agreement to the tune of USD 15 million

Loan agreement between Eurasian Development Bank and Armenia for North-South motorway construction takes force

Economy
An agreement, under which the Eurasian Fund for Stabilization and Development extends an investment loan to Armenia for building a section of North-South motorway, came into force last week, the press office of the Eurasian Development Bank reported on Tuesday

Armenian national assembly ratifies €6.5-million loan agreement with EBRD

Economy
Armenian national assembly ratifies €6.5-million loan agreement with EBRD.

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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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