{"id":45141,"date":"2012-12-11T15:00:52","date_gmt":"2012-12-11T15:00:52","guid":{"rendered":"https:\/\/armbanks.am\/2012\/12\/11\/237124\/"},"modified":"2024-12-15T13:01:25","modified_gmt":"2024-12-15T13:01:25","slug":"eurasian-development-bank-to-provide-15-million-loan-to-vtb-bank-armenia-to-finance-armenian-small-and-medium-businesses","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2012\/12\/11\/45141\/","title":{"rendered":"Eurasian Development Bank to provide $15 million loan to VTB Bank (Armenia) to finance Armenian small and medium businesses"},"content":{"rendered":"<p><strong>YEREVAN, December 11. \/ ARKA \/<\/strong>. The Eurasian Development Bank (EDB) will provide a $15 million loan to VTB Bank (Armenia) for on-lending to small and medium businesses. The agreement to that end was signed in Yerevan\u00a0 by EDB deputy chairman Dmitry Zhurba and VTB Bank (Armenia) CEO, Yuri Gusev.<\/p>\n<p>Speaking at a news conference after the signing of the agreement,\u00a0 Dmitry Zhurba said two Russian organizations met in Armenia to sign an agreement on long-term lending\u00a0 to Armenian\u00a0 small and medium- businesses. \u201cI think this is a great event and very important,&#8221; he said.<\/p>\n<p>On his part, Gusev said\u00a0 the funds will be provided for starting new businesses, which means\u00a0 new jobs and a new opportunities.<\/p>\n<p>\u201cWe look forward to long-term, effective and mutually beneficial cooperation&#8221;,\u00a0 he said.<br \/>\nHe said lending to small and medium-sized businesses will be the bank\u2019s\u00a0 priority in the following year.<\/p>\n<p>Asked about the interest rates, Gusev said it was a commercial secret, but added they will be among most favorable in Armenia.<\/p>\n<p>VTB Bank (Armenia ) is owned fully by Russian VTB financial group. It runs 69 branches across Armenia, more than any other bank.<\/p>\n<p>The Eurasian Development Bank is an international financial institution established by Russia and Kazakhstan in January 2006 to promote the development of market economies, to support their sustainable economic growth and\u00a0 expansion of trade and economic ties.\u00a0 Its authorized capital exceeds U.S. $ 1.5 billion. The member states are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan. Armenia joined it in 2009. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Eurasian Development Bank (EDB) will provide a $15 million loan to VTB Bank (Armenia) for on-lending to small and medium businesses<\/p>\n","protected":false},"author":1,"featured_media":151416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,15676,12209,12294,389],"class_list":["post-45141","post","type-post","status-publish","format-standard","has-post-thumbnail","category-banks-en-en","category-news","tag-armenia-2","tag-bank-vtb-armenia-2","tag-business","tag-loan","tag-389"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"The Eurasian Development Bank (EDB) will provide a $15 million loan to VTB Bank (Armenia) for on-lending to small and medium businesses\" \/>\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=\"armenia,bank vtb (armenia),business,loan,\u0431\u0430\u043d\u043a \u0432\u0442\u0431 (\u0430\u0440\u043c\u0435\u043d\u0438\u044f)\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/armbanks.am\/en\/2012\/12\/11\/45141\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Eurasian Development Bank to provide $15 million loan to VTB Bank (Armenia) to finance Armenian small and medium businesses - 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