  Ardshininvestbank granted first credit tranche December 28, 2011 - 13:42 AMT PanARMENIAN.Net - Ardshininvestbank CJSC was granted first credit tranche of USD 3 million under the loan agreement signed with the Asian Development Bank at the beginning of December 2011. The funds allocated with be used for financing small and medium-sized enterprises (SMEs) as the bank’s target group. “Remaining USD 12 million will be utilized for lending to SMEs in 2012,” Chairman of Ardshininvestbank Management Board Mher Grigoryan said, adding that entire branch network will be involved in the process of providing sub-loans with 12% and above interest rate per annum with a tenor of up to 5 years.   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 Putin congratulates Pashinyan’s birthday  Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1.Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri.Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament.Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. |
