Wednesday, July 6 2016 11:53
Alina Hovhannisyan

Ardshinbank and BSTDB sign a 10 million US dollar loan agreement

Ardshinbank and BSTDB sign a 10 million US dollar loan agreement

ArmInfo. Ardshinbank and Black Sea Trade and Development Bank (BSTDB) signed the third loan agreement. Under the agreement further USD 10 million will be channeled to support small-and medium-sized enterprises (SMEs) in Armenia, the press office of Ardshinbank has told ArmInfo. 

The SME is a very important sector for the development of the economy, export and job creation in Armenia. Thus, Ardshinbank will continue implementing its strategy to ensure available finance for SMEs. Under the project the bank will extend loans to its SME customers with rates starting from 11%.

According to the Financial Rating of Armenian Banks prepared by the Agency of Rating Marketing Information (ArmInfo), Ardshinbank increased SME lending almost 2-fold to 39.2 bln AMD in Q1 2016, loans to SMEs account for 12.4% of the bank's credit portfolio versus 7% at the beginning of the year. The total loan portfolio of the bank has increased by 26% over year, reaching 315.1 bln AMD as of April 1, 2016 (68.3% of the assets), the bank holds the second position by this parameter. By its branch coverage the bank holds the 3rd position, it has 55 branches, 13 of which are located in Yerevan, 36 in all the regions of Armenia and 6 in Nagorno Karabakh. Ardshinbank is the only private entity in Armenia that issued Eurobonds in the 
international financial market and has ratings from two international major rating agencies (Moody's and Fitch) equal to the rating of Sovereign. 

The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by eleven countries of the Black See region. The BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries.


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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000