  BlueOrchard Finance S.A. to allocate $5mln to Inecobank to finance small enterprises March 4, 2011 - 16:06 AMT PanARMENIAN.Net - Inecobank CJSC and BlueOrchard Finance S.A. signed a $5mln loan agreement for micro and small business financing. According to the bank press service, the loan is provided in AMD, what will allow allocating loans in the local currency, avoiding currency risks. “As part of the program on cooperation, BlueOrchard Finance S.A. issued a $7.5mln loan to Inecobank in 2010. Signing of another agreement aimed at the development of micro-financing is a result of effective and goal-oriented actions of the bank. It will reinforce our cooperation with the reliable partner,” Inecobank Executive Director Avetis Baloyan stated. This year, Inecobank plans to expand the framework of international cooperation and realize new programs aimed at the financing of micro and small enterprises and the sphere of renewable energy saving.   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 Erdogan wants “realistic road map” for relations with Armenia  Turkish President Recep Tayyip Erdogan has called for a “new realistic road map” for relations with Armenia.Armenia-Azerbaijan: Experts launch work on determining coordinates Expert groups from the countries started the process of determining the coordinates based on geodetic measurements.Yerevan says did not expect CSTO in peacekeeping role Pashinyan has declared that the CSTO would be expected to come to the Armenia-Azerbaijan border as an ally of ArmeniaHenrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. |
