December 11, 2012 - 14:51 AMT
EDB to make direct investments in Armenian companies’ capital

Eurasian Development Bank (EDB) hopes to make direct investments in Armenian companies’ capital in 2013, EDB deputy chairman said.

Dmitry Zhurba noted Armenia’s commercial banks as the only partners of EDB, with the total volume of the funds allocated to them grossing USD 79 mln in 2012.

He further expressed hope to make direct investments in the companies’ capital, besides lending to banks.

On December 11, VTB Bank (Armenia) and EDB signed a credit agreement at the amount of USD 15 million as part of lending to small and medium-sized enterprise (SMEs).