  Armenian Development Bank to increase loan portfolio in 2012 February 22, 2012 - 15:59 AMT PanARMENIAN.Net - In the framework of the new policy targeting dynamic development, in 2011 Armenian Development Bank increased its portfolio by 60% to total AMD 24 bln against AMD 15 bln. at the beginning of the year, according to head of the bank’s board chairman. As Karen Sargsyan told a press conference on Feb 22, the bank currently offers credits for small and medium-sized enterprises (SMEs) for 7 years with a 21-month grace period. “We aim to help SMEs to withstand challenges,” Mr. Sargsyan said. Armenian Development Bank simultaneously aimed 60% at business lending of such fields as trade, processing industry, transport and construction sector, with 24% directed to mortgage lending. Dwelling on plans for 2012, Karen Sargsyan stressed the bank’s readiness to bring loan portfolio to AMD 32 bln.  Top stories Armenian delegation headed by Prime Minister Tigran Sargsyan will pay a two-day working visit to Ashgabat. Hrachya Berberyan: apricot harvest will make 25 and 10-12 thous. tons in Ararat and Armavir provinces respectively Any decisions were postponed until the end of next month after French and Greek parliamentary elections on June 17. Armenian Prime Minister met with the head of International Fund for Agricultural Development Programs in Armenia.   |  Latest news Over 100 trespassers detained in Armenia in January-May  Russian border guards seized 50 firearms, bladed weapons and 300 thous. rubles worth contraband in January-May.Conference participants at Institute of CIS States back Artsakh’s stance The NKR was represented at the round table by Advisers to Foreign Minister Ruben Zargarian and Arsen Melik-Shakhnazarian.Shoushi liberation anniversary celebrated in France Armenian ambassador to France Vigen Chitechyan answered Armenian foreign and domestic policy related questions.Armenian ambassador to China participates in ESCAP meeting Armen Sargsyan participated in meeting of UN Economic and Social Commission for Asia and the Pacific in Bangkok. |
