Tuesday, January 9 2018 17:23
Alina Hovhannisyan

ARARATBANK signed a second loan agreement with DEG for $ 10 million on SME financing

ARARATBANK signed a second loan agreement with DEG for $ 10 million  on SME financing

ArmInfo. ARARATBANK concluded  with the German investment company DEG (Deutsche Investitions -und  Entwicklungsgesellschaft mbH) the second loan agreement for $ 10  million to finance SMEs. As the press service of the Bank told  ArmInfo, within the framework of this agreement, $ 1 million from  this loan amount will be provided to German companies operating in  Armenia.

According to the source, thanks to these funds, the Bank will  increase the volume of financing of small and medium-sized  businesses, providing long-term loans to the subjects of this sphere.

The German investment company DEG, a member of the KfW banking group,  specializes in financing the private sector both in developing  countries and in countries with economies in transition.

The first loan agreement between ARARATBANK and DEG was concluded in  December 2015. Under this agreement, a loan of $ 10 million, aimed at  financing SMEs, was granted with a maturity of 7 years.

According to the Financial Rating of Armenian Banks prepared by NA  ArmInfo, ARARATBANK is included in the TOP-6 on SME lending,  providing for October 1, 2017 a portfolio of 48.1 billion drams with  an annual growth of 53.6%. In the total loan portfolio of the bank,  the share of SME loans exceeds 40%, and in the total SME loans on the  banking market, ARAPATBANK accounts for about 8%.

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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

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СПРОС (Покупка)

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Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

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Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

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1

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200 000

0бъем (драм)

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