{"id":93924,"date":"2015-12-22T14:48:01","date_gmt":"2015-12-22T14:48:01","guid":{"rendered":"https:\/\/armbanks.am\/2015\/12\/22\/244028\/"},"modified":"2024-12-15T13:21:39","modified_gmt":"2024-12-15T13:21:39","slug":"araratbank-signs-10-million-loan-agreement-with-german-deg","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/12\/22\/93924\/","title":{"rendered":"Araratbank signs $10 million loan agreement with German DEG"},"content":{"rendered":"<p><strong>YEREVAN, December 22. \/ARKA\/.<\/strong> Armenian Araratbank said today it has signed a $10 million loan agreement with German investment company DEG-DEUTSCHE INVESTITIONS UND ENTWICKLUNGSGESELLSCHAFT MBH (DEG).<\/p>\n<p>According to a press release, the loan, repayable within 7 years will be on-lent to small and medium-sized businesses and enable the bank to increase its overall lending to SMEs.<\/p>\n<p>Araratbank chairman Ashot Osipyan said this program is another important step in the expansion of cooperation with international financial institutions.<\/p>\n<p>&#8220;We have laid the foundation for an effective and long-term cooperation that will enable Araratbank to provide long-term credits to customers and help them strengthen their positions in target markets&#8221;, he said.<\/p>\n<p>DEG is a member of the German KfW banking group financing investments of private companies in developing countries and in countries in transition.<\/p>\n<p>Araratbank founded in 1991 is owned by Flash company (64.25%), EBRD (25%) and RURAL IMPULSE FUND II SA SICAV SIF (10%). In late quarter 3, 2-015 its total assets were worth 125.78 billion drams, a drop of 9% from the beginning of the year. Its liabilities stood at 103.4 billion drams (a drop of 11.36%) and its capital grew by 3% to 22.3 billion drams. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenian Araratbank said today it has signed a $10 million loan agreement with German investment company DEG-DEUTSCHE INVESTITIONS UND ENTWICKLUNGSGESELLSCHAFT MBH (DEG)<\/p>\n","protected":false},"author":1,"featured_media":157317,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[12162,15669,12294],"class_list":{"0":"post-93924","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-araratbank","10":"tag-deg-2","11":"tag-loan"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/93924","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=93924"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/93924\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157317"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=93924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=93924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=93924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}