  Ameriabank boosts SME lending July 20, 2012 - 16:23 AMT PanARMENIAN.Net - Ameriabank CJSC has achieved favorable results in lending to Armenia’s small and medium-sized enterprises (SMEs), the bank’s CFO said. As Gevorg Tarumyan told a press conference, lending to SMEs by provinces and subsidiaries grew by 171% in a year, with 77,4% growth recorded in lending to larger corporate business. Ameriabank’s Development Director Tigran Jrbashyan, in turn, stressed that lending to SMEs by branch network and to large businesses grew by 1.8-fold and 80% respectively, with the consolidated portfolio of SME lending having totaled AMD 29 bln. He further noted that the bank maintains a leading position in corporate lending, with the consolidated loan portfolio grossing AMD 127 bln.   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. |
