{"id":39882,"date":"2012-08-02T07:14:14","date_gmt":"2012-08-02T07:14:14","guid":{"rendered":"https:\/\/armbanks.am\/2012\/08\/02\/236128\/"},"modified":"2024-12-15T12:58:50","modified_gmt":"2024-12-15T12:58:50","slug":"ebrd-to-lend-8-million-to-inecobank-for-financing-sme","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2012\/08\/02\/39882\/","title":{"rendered":"EBRD to lend $8 million to Inecobank for financing sme"},"content":{"rendered":"<p><strong>YEREVAN, August 1. \/ARKA \/.<\/strong> Armenia\u2019s Inecobank has signed another, $8-million loan agreement with European Bank for Reconstruction and Development to onlend this money to micro, small and medium-size companies, the bank\u2019s press office reported on Wednesday.<\/p>\n<p>The bank will extend these loans to such companies in Armenian drams to avoid currency risks.<br \/>\nThe press office says this eighth agreement with EBRD is the result of a long-term cooperation with the EBRD and the guarantee for further cooperation.<\/p>\n<p>\u201cThis new loan enables the bank to enlarge its dram lending to micro, small and medium-size companies promoting sustainable development of the private segment of the country\u2019s economy,\u201d said Avetis Baloyan, executive director of the bank.<\/p>\n<p>Inecobank was established in 1996. Its key aim is to bolster development of the private sector through partnership with micro, small and medium-size companies and individual clients.<\/p>\n<p>The bank\u2019s assets totaled AMD 93.3 billion in late June, 2012. Its total capital amounted to AMD 16.4 billion. Inecobank cooperates with more than 25 international financial organizations, particularly with International Finance Corporation, Germany\u2019s DEG, Euroepan bank for Reconstruction and Development and Asian Development Bank. ($1- AMD 408.36). -0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia\u2019s Inecobank has signed another, $8-million loan agreement with European Bank for Reconstruction and Development to onlend this money to micro, small and medium-size companies<\/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":[12174,12287,560],"class_list":["post-39882","post","type-post","status-publish","format-standard","category-banks-en-en","category-news","tag-ebrd","tag-inecobank","tag-560"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"description\" content=\"Armenia\u2019s Inecobank has signed another, $8-million loan agreement with European Bank for Reconstruction and Development to onlend this money to micro, small and medium-size companies\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"admin\"\/>\n\t<meta name=\"google-site-verification\" content=\"l8sdBd3STQ6A37MF5AO_21FEwNPHg9tRpooOo3Wx_eQ\" \/>\n\t<meta name=\"keywords\" content=\"ebrd,inecobank,\u0438\u043d\u0435\u043a\u043e\u0431\u0430\u043d\u043a\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/armbanks.am\/en\/2012\/08\/02\/39882\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.9\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"EBRD to lend $8 million to Inecobank for financing sme - 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