  EDB to allocate $15 mln to VTB Bank (Armenia) December 11, 2012 - 15:08 AMT PanARMENIAN.Net - On December 11, VTB Bank (Armenia) deputy chairman of Eurasian Development Bank (EDB) Dmitry Zhurba and General Director-Chairman of Directorate of VTB Bank (Armenia) Yury Gusev signed a credit agreement at the amount of USD 15 million as part of lending to small and medium-sized enterprise (SMEs). Mr. Gusev noted lending to SMEs a priority for VTB Bank (Armenia). “The agreement provides the bank and clients with good business opportunities. We will focus on this very sector in 2013,” he said, adding that the funds will be allocated for new business loans and creation of new jobs,” he said. Mr. Gusev further noted that VTB Bank (Armenia) loan portfolio totals AMD 28 bln, with 30 % growth reported as compared to the last year.   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 U.S. warns Georgia not to side with Moscow against the west  Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow.Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for childrenMoscow slams EU mission in Armenia for “provocative activity” The EU mission is doing more and more against Armenia’s neighbors Russia, Azerbaijan and Iran, Mikhail Galuzin said.Yerevan Mayor to travel to Paris on May 15-19 The official delegation headed by Yerevan Mayor Tigran Avinyan will travel to Paris from May 15 to 19. |
