Wednesday, July 11 2018 15:04
Karine Melikyan

EDB provided ARARATBANK with a loan of $ 6 million to finance MSB

EDB provided ARARATBANK with a loan of $ 6 million to finance MSB

ArmInfo. The Eurasian Development  Bank (EDB) provided ARARATBANK with a $ 6 million loan for financing  MSB in Armenia. Managing Director of EDB Dmitry Ladikov-Roev and  Chairman of the Board of ARARATBANK Ashot Osipyan signed the  corresponding loan agreement for Assets and Liabilities.

In accordance with the agreement, the funds provided by the EDB are  aimed at supporting microfinance through the opening of targeted loan  lines to financial institutions.

"I am glad to sign a new agreement, which will strengthen and expand  our cooperation with the EDB. The funds raised under this agreement  will make it possible to offer our MSB clients more affordable and  competitive loan products and contribute to the development of the  Armenian economy," A. Osipyan said.

"ARARATBANK and EDB already have successful work experience. Together  with ARARATBANK in 2012, we started implementing a microloan program  in Armenia. We believe that the implementation of the project will  contribute to the creation of favorable conditions for the  sustainable development of micro and small businesses, the  development of a competitive environment and thereby the growth of  production, the expansion of the range of goods and services, and the  improvement of product quality. Thus, through the support of micro  and small businesses, it will be possible to achieve a significant  effect of the development of Armenia's market economy," D.  Ladikov-Roev stated.

ARARATBANK is one of the leading banks in the field of MSB lending in  Armenia and is in the top five in terms of lending. In 2017,  ARARATBANK significantly increased its lending to IMB by 16.3%. In  order to finance this sphere, ARARATBANK uses the best European  lending technologies. 

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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