  EBRD allocates $5mln to Araratbank for SME lending October 4, 2010 - 14:13 AMT PanARMENIAN.Net - The European Bank for Reconstruction and Development (EBRD) signed a $5mln loan agreement with Armenian Araratbank. The allocated funds will be distributed as loans for small and medium businesses, Araratbank press service reported. “We appreciate our cooperation with EBRD. As a result of our joint activity, we have obtained not only banking technologies of international standard and management systems, but also have gained great experience, which serves our clients, our stable development and Araratbank image,” Chairman of Araratbank Board Ashot Osipyan said, voicing confidence that the collaboration will continue. EBRD and Araratbank have cooperated since 2008.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Viva: Armenia's leading technology company introduces a new trademark  The updated brand Viva reflects a qualitatively new level of digital services.Turkey restoring 500-year-old Surp Sarkis Armenian Church During the program, Sahak Maşalyan, the Patriarch of Türkiye's Armenians, inspected the historic church and offered prayers.BSEC Secretary General due in Armenia on July 1 On July 1, the Secretary General of the Black Sea Economic Cooperation Organization (BSEC) Lazar Comanescu will pay a working visit to Armenia.Armenia win 3 gold medals at European Junior Boxing Championships Armenia has three world champions after the European Junior Boxing Championships held in Sarajevo over the past week. |
