EBRD to credit Armenian banks for 40 million euros in two years
11/14/2005
Regnum
In order to develop crediting of small and medium business in Armenia, the European Bank for Reconstruction and Development (EBRD) will credit Armenian banks for 40 million euros in 2006-2007, EBRD Representative in Armenia Michael Weinstein said.
According to Weinstein, the Armenian economy has been developing dynamically and the entrepreneurs need credit money at the current stage. Weinstein reported that in the recent 2-3 years the EBRD gave credits to the Armenian “Anelik”, “Armeconom”, “Ineko” and ACBA-Bank in the sum of 10 million euros. In the two following years the number of the EBRD partners will increase, [...].
[...]
Note: Above are excerpts from the article. The full article appears here. Clarifications and comments by me are contained in {}. Deletions are marked by [...]. The bold emphasis is mine.
Regnum
In order to develop crediting of small and medium business in Armenia, the European Bank for Reconstruction and Development (EBRD) will credit Armenian banks for 40 million euros in 2006-2007, EBRD Representative in Armenia Michael Weinstein said.
According to Weinstein, the Armenian economy has been developing dynamically and the entrepreneurs need credit money at the current stage. Weinstein reported that in the recent 2-3 years the EBRD gave credits to the Armenian “Anelik”, “Armeconom”, “Ineko” and ACBA-Bank in the sum of 10 million euros. In the two following years the number of the EBRD partners will increase, [...].
[...]
Note: Above are excerpts from the article. The full article appears here. Clarifications and comments by me are contained in {}. Deletions are marked by [...]. The bold emphasis is mine.
posted by Vahe Balabanian at 5:59 AM
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