  ProCredit Bank to allocate additional $10mln for SME development June 2, 2011 - 14:10 AMT PanARMENIAN.Net - As part of loan agreements signed with EBRD (London) and BlueOrchard Finance SA (Geneva), ProCredit Bank will allocate additional USD 10mln in 2011 for the development of SMEs. The Bank also negotiates with other reputable international institutions to attract new credit funds and provide them to the local market. Ashot Abrahamyan, Deputy Executive Director of the Bank, said: “SMEs make a dynamic part of Armenia’s economy and play a significant role in ensuring social and economic stability of the country. We will do our best to use this cooperation to the benefit of our customers, allowing them to expand their financial opportunities and business, access new and more attractive markets. At the same time, this cooperation enables us to strengthen our positions at the market and enlarge our client base.”   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 Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
