EDB to provide Areximbank-Gazprombank Group with $10 million for SME loans

EDB to provide Areximbank-Gazprombank Group with $10 million for SME loans

PanARMENIAN.Net - Areximbank-Gazprombank Group CJSC and the Eurasian Development Bank (EDB) signed a $10 million loan agreement on March 12 to finance small and medium enterprises.

The document was signed in Yerevan by general director of Areximbank-Gazprombank Group CJSC Armen Khandkaryan and EDB deputy chairman Dmitry Zhurba.

“Our bank continues to strengthen international ties, and today we are signing a loan agreement for SME financing,” Khandkaryan said adding that assistance to SME development is a priority for the bank and the “development spine for any economy”.

Head of the bank also informed that the cooperation between Areximbank-Gazprombank Group and EDB will not be limited to this agreement; the bank holds talks with EDB to launch a credit line for development of trade financing, as well as getting funding to credit energy-saving projects.

For his part, Zhurba said that EDB is expanding its cooperation with Armenia’s finance sector, with $50 million allocated to this field since its operation in the country. “I’m happy to see the process keeps going, and we find further points of contact,” he emphasized.

 Top stories
Ameria’s management staff, partners and public agencies, as well as local and int’l organizations are participating in the Oct 14-15 master classes.
In 2014, Ameriabank expanded its range of retail services with new offers, also providing more flexible and transparent terms of service.
Since 2010 the EBRD, EIB and EU have contributed a total of €30 million for the improvements carried out in two phases.
NCFA said its participation in this major exhibition aims to promote Armenia’s tourism opportunities at the European markets.
Partner news