Armswissbank and International Investment Bank have signed a contract for 2 million euros under the TFSP program

ArmInfo. Armswissbank and the International Investment Bank (IIB - International Investment Bank), under the Trade Finance Support Program (TFSP), signed an agreement for 2 million euros. According to the press service of Armsivsbank, the cooperation will provide an opportunity to provide TFP products to customers of the bank on more competitive terms.According to the report, within the framework of trade financing, the bank also cooperates with its traditional partners, the European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB) and the Italian bank UBI.

At the same time, Armswissbank is negotiating with other international structures to establish possible cooperation.Note that the International Investment Bank (IIB) is a multilateral development bank established in 1970 with the aim of promoting the economic cooperation of the member countries, which are Bulgaria, Hungary, Vietnam, Cuba, Mongolia, Russia, Romania, Slovakia and the Czech Republic. IIB provides for the implementation of programs of medium-term and long-term loans, directly cooperating with other financial institutions or through partner banks. IIB assigned S & P credit rating at BBB +, Moody's - A3, Fitch - BBB +, Dagong - A.Recall that ZAO "Armswissbank" was established on October 7, 2004.  The 100% stake in Armswissbank is owned by HVS Holding LLC, managed by Vardan Sirmakes and registered in Luxembourg, while the indirect shareholder is Vardan Sirmakes.