  ACBA-CREDIT AGRICOLE Bank to spend $17 mln on financing SMEs August 27, 2018 - 18:33 AMT PanARMENIAN.Net - ACBA-CREDIT AGRICOLE Bank and the European Bank for Reconstruction and Development (EBRD) have signed a loan agreement worth $17 million, the Armenia-based bank's press service said in a statement. ACBA said it will use the loan to finance small and medium-sized businesses in Armenia. Accordingly, $3 million will be spent on financing enterprises established or headed by women under the Women in Business program, while some $4 million will go to the implementation of energy-efficient projects through ACBA-Leasing, a member of the ACBA-CREDIT AGRICOLE financial group. Under the agreement with the EBRD, ACBA-CREDIT AGRICOLE Bank will finance SMEs mainly in Armenian drams.   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 Protesters rally as Georgia debates 'foreign agent' bill  Georgian critics label the bill "the Russian law", comparing it to legislation used by the Kremlin to crack down on dissent.Former Pashinyan envoy urges end to Genocide speculation Marukyan has urged authorities in Armenia stop discussions about verifying the names of 1.5 million victims.Azerbaijan, Jordan sign deal on defense cooperation Azerbaijan and Jordan have signed an agreement on cooperation in the field of defense, according to an official statement.First Canadian expert join EU mission in Armenia The first Canadian expert to join the European Union’s civilian mission in Armenia has arrived in Armenia. |
