{"id":96601,"date":"2016-04-04T13:29:58","date_gmt":"2016-04-04T13:29:58","guid":{"rendered":"https:\/\/armbanks.am\/2016\/04\/04\/244424\/"},"modified":"2024-12-15T13:22:57","modified_gmt":"2024-12-15T13:22:57","slug":"armenia-to-receive-e20-million-from-germanys-kfw-bank-under-housing-financing-program","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2016\/04\/04\/96601\/","title":{"rendered":"Armenia to receive \u20ac20 million from Germany\u2019s KfW Bank under housing financing program"},"content":{"rendered":"<p><strong>YEREVAN, April 4. \/ARKA\/.<\/strong> Armenia will receive \u20ac20 million from Germany\u2019s KfW Bank (Kreditanstalt fur Wiederaufbau) for implementation of the fourth stage of the program \u2018Development of Sustainable Housing Financing Market\u2019, the press office of the Central Bank of Armenia reports.<\/p>\n<p>The German bank signed an appropriate agreement with the Armenian central bank on March 31.<\/p>\n<p>The mentioned amount will be distributed though commercial banks and credit organizations, which will assume credit risks.<\/p>\n<p>The money will be used for mortgage lending in Yerevan and provinces.<\/p>\n<p>The loan agreement is aimed at ensuring stable development to mortgage lending in the country.<\/p>\n<p>Technical cooperation is included as well in the partnership program \u2013 the program beneficiaries will receive appropriate advisory services.<\/p>\n<p>The German-Armenian Fund was established in 1998 by the two countries governments to support small and mid-scale businesses in Armenia.<\/p>\n<p>According to the National Statistical Service of Armenia, Armenia\u2019s debt to Germany (KfW) amounted to $189.9 million in 2015. &#8212;0&#8212;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia will receive \u20ac20 million from Germany\u2019s KfW Bank (Kreditanstalt fur Wiederaufbau) for implementation of the fourth stage of the program \u2018Development of Sustainable Housing Financing Market\u2019<\/p>\n","protected":false},"author":1,"featured_media":157156,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,14155,14156,14157],"class_list":["post-96601","post","type-post","status-publish","format-standard","has-post-thumbnail","category-banks-en-en","category-news","tag-armenia-2","tag-financing-program","tag-housing","tag-kfw-bank"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - 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