Areximbank-Gazprombank Group to increase business lending in 2011April 11, 2011 - 15:18 AMT PanARMENIAN.Net - Deputy CEO of Areximbank-Gazprombank Group CJSC Vigen Barseghyan said the bank will pay great attention to small and medium enterprises lending in 2011. “We directed $2mln for SME lending in the first quarter of 2011 and plan to allocate another $10mln by the end of the year,” Barseghyan said. The increase in SME lending is envisaged under the bank program for strategic development until 2013. According to the program, up to $30mln is planned to be directed for SME lending. Barseghyan said that lending will be implemented due to own resources and funds attracted from international financial organizations. “An agreement was reached with the World Bank on launch of the procedure for the bank involvement in the WB program on SME lending on favorable terms. We expect WB experts to arrive soon. Currently we can allocate loans at 12-14% annual interest rate in AMD and USD for the term of up to 7 years, depending on the loan purpose. Loans are provided to all fields of economy,” said Barseghyan. 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 | Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. Mkhitaryan raises arrest of former Karabakh leaders in Azerbaijan Inter Milan star Henrikh Mkhitaryan has shared a news story about the extension of the arrest of former Karabakh leaders. |