{"id":10512,"date":"2010-04-27T16:09:41","date_gmt":"2010-04-27T16:09:41","guid":{"rendered":"https:\/\/armbanks.am\/2010\/04\/27\/230972\/"},"modified":"2024-12-15T12:47:04","modified_gmt":"2024-12-15T12:47:04","slug":"eurasian-development-bank-to-lend-20-million-to-armbusinessbank","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2010\/04\/27\/10512\/","title":{"rendered":"Eurasian Development Bank to lend $20 million to Armbusinessbank"},"content":{"rendered":"<p><strong>YEREVAN, April 27. \/ARKA\/.<\/strong> Eurasian Development Bank and Armbusinessbank have signed a $20-million credit agreement, Igor Finogenov, chairman of Eurasian Development Bank\u2019s board, said Tuesday at the ceremony of opening the EDB resident office in Armenia.<\/p>\n<p>\u201cThis credit is intended for development of small and mid-scale businesses in the country as well as implementation of trade financing projects,\u201d he said.<\/p>\n<p>Armbusinessbank established in 1991is a stable and fast-developing bank that maintains high quality of assets.<\/p>\n<p>Its assets totaled AMD 115.8 billion ($290 million) and liabilities AMD 99 billion (247 million) by March 31, 2010.<\/p>\n<p>The bank\u2019s own capital amounted to AMD 16.7 billion ($42 million) and authorized capital AMD 13.45 billion ($33.5 million) by late March.<\/p>\n<p>Armbusinessbank is actively lending money to the real sector of Armenia\u2019s economy as well as small and mid-scale businesses.<\/p>\n<p>The bank has two branches and serves more than 30,000 individuals and two companies.<\/p>\n<p>Eurasian Development Bank was established by Russia and Kazakhstan in January 2006 to foster development of market economies of participant countries.<\/p>\n<p>The bank\u2019s authorized capital exceeds $1.5 billion.<\/p>\n<p>The EDB member countries are Russia, Kazakhstan, Armenia and Tajikistan.<\/p>\n<p>The bank\u2019s investment portfolio consists of 20 projects in Russia, Kazakhstan and Tajikistan and exceeds $1.3 billion. &#8212;0&#8212;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eurasian Development Bank and Armbusinessbank have signed a $20-million credit agreement, Igor Finogenov, chairman of Eurasian Development Bank\u2019s board.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[12311,15837,12579,956],"class_list":{"0":"post-10512","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news","8":"tag-armbusinessbank","9":"tag-armenia-2","10":"tag-edb","11":"tag-956"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/10512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=10512"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/10512\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=10512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=10512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=10512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}