{"id":81055,"date":"2014-11-04T15:34:21","date_gmt":"2014-11-04T15:34:21","guid":{"rendered":"https:\/\/armbanks.am\/2014\/11\/04\/241717\/"},"modified":"2024-12-15T13:14:17","modified_gmt":"2024-12-15T13:14:17","slug":"bstdb-is-providing-a-usd-10-million-loan-to-armenian-ardshininvestbank","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2014\/11\/04\/81055\/","title":{"rendered":"BSTDB is providing a USD 10 million loan to Armenian Ardshininvestbank"},"content":{"rendered":"

YEREVAN, November 4. \/ ARKA \/.<\/strong> The Black Sea Trade and Development Bank (BSTDB) is providing a USD 10 million loan to Ardshininvestbank (ASHIB), a leading bank in Armenia, to facilitate financing of Armenian small- and medium-sized enterprises (SMEs).<\/p>\n

\u201cThis is the second operation between Ardshininvestbank and BSTDB, which speaks of the mutual trust established between our institutions. The proceeds of the new loan will be channeled to the financing of local SMEs as ASHIB\u2019s target group of customers. ASHIB will continue its strategy of contributing to the fostering of the SME sector in the Republic of Armenia by providing long-term loans on competitive terms\u201d, said Mher Grigoryan, Chairman of the Management Board of Ardshininvestbank.<\/p>\n

\u201cSupporting small- and medium-sized enterprises is BSTDB\u2019s strategic priority in Armenia agreed with the Government. The new facility will enhance the competitiveness of Armenian SMEs in the current economic setting when access to finance remains constrained\u201d, said Ihsan Ugur Delikanli, BSTDB President, at the loan signing ceremony in Yerevan.<\/p>\n

The operation builds up on the successful cooperation between the two banks started in 2012, when BSTDB extended a loan for mortgage financing. The total funding provided by BSTDB to ASHIB will amount to USD 18 million.<\/p>\n

Since the start of its operations in 1999, BSTDB has cumulatively disbursed EUR 120 million in Armenia, largely focused on SME sector development.<\/p>\n

Established in 2002, Ardshininvestbank is one of the leading banks in Armenia and has a large distribution network with over 55 branches all over the country and a strong SME customer base.
\nThe Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine.<\/p>\n

The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. BSTDB is rated long-term \u201cA-\u201d by Standard and Poor\u2019s and \u201cA2\u201d by Moody\u2019s. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"

The Black Sea Trade and Development Bank (BSTDB) is providing a USD 10 million loan to Ardshininvestbank (ASHIB), a leading bank in Armenia, to facilitate financing of Armenian small- and medium-sized enterprises (SMEs)<\/p>\n","protected":false},"author":1,"featured_media":157583,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[12141,15837,15599],"class_list":{"0":"post-81055","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-ardshininvestbank","10":"tag-armenia-2","11":"tag-bstdb-2"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/81055","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=81055"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/81055\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157583"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=81055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=81055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=81055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}