Tuesday, December 19 2017 17:18
Karine Melikyan

Armenian Central Bank and KfW signed a loan agreement for 15 million euros for energy-saving projects in the field of micro- and SMEs

Armenian Central Bank and KfW signed a loan agreement for 15 million  euros for energy-saving projects in the field of micro- and SMEs

ArmInfo. The Central Bank of  Armenia and German Development Bank KfW signed a loan agreement for  15 million euros to finance energy saving projects in the sphere of  micro, small and medium-sized businesses (SMEs). As the press service  of the Central Bank of Armenia told ArmInfo, the document was signed  on December 18.

According to the source, the placement of credit resources will be  carried out through banks and credit companies. The funds will be  used to finance energy-saving projects, which will enable micro,  small and medium-sized enterprises to modernize using modern  energy-efficient equipment.

The cooperation also provides for technical assistance, namely, the  beneficiaries of the program will be provided with appropriate  advice.

According to the Financial Rating of the Armenian Banks, as of  October 1, 2017, prepared by the IA ArmInfo, the volume of SME  lending amounted to 643.3 billion AMD or $ 134.5 million, with a  slowdown in the annual growth rate from 12.4% to 7.5%. In the total  credit investments of banks, the share of SMEs is 24.3%. In the total  bank crediting of the SME sphere, about 57% covers the first four -  Armbusinessbank, VTB Bank (Armenia), Ameriabank and Ardshinbank.

KfW is one of Armenia's largest donors. KfW's investments for the  past 20 years have exceeded 500 million euros for more than 14  programs, including in the SME sector, agricultural sector, energy  complex, the environment and in the financial and banking sector.  Armenia's external debt to the Bank on October 1, 2017. amounted to $  233.6 million (4.6% of the total external debt of the RA) with an  annual growth of 13.5%.

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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