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ARDSHININVESTBANK SIGNS UNPRECEDENTED DEAL OF 25 MILLION DOLLARS WITH
INTERNATIONAL FINANCE CORPORATION
YEREVAN, DECEMBER 26, NOYAN TAPAN. The 25 million-dollar deal signed
between Ardshininvestbank and the World Bank's International Finance
Corporation (IFC) is an unprecedented one in the history of Armenia's
financial system, the chairman of Ardshininvestbank CJSC board Aram
Andreasian stated at the December 26 press confernce.
In the words of the head of the IFC Yerevan Office Nerses Karamanukian,
15 million dollars of the indicated sum has been provided for 8 years.
The bank will allocate this sum for replenishment of the mortgage
portfolio and the small and medium enterprise crediting portfolio. The
IFC will acquire 10% of Ardshininvestbank's shares for 10 million
dollars - through an additioinal issue of shares. It was stated that
although the IFC has long experience of cooperation with Armenian
financial organizations, this deal is the biggest one.
INTERNATIONAL FINANCE CORPORATION
YEREVAN, DECEMBER 26, NOYAN TAPAN. The 25 million-dollar deal signed
between Ardshininvestbank and the World Bank's International Finance
Corporation (IFC) is an unprecedented one in the history of Armenia's
financial system, the chairman of Ardshininvestbank CJSC board Aram
Andreasian stated at the December 26 press confernce.
In the words of the head of the IFC Yerevan Office Nerses Karamanukian,
15 million dollars of the indicated sum has been provided for 8 years.
The bank will allocate this sum for replenishment of the mortgage
portfolio and the small and medium enterprise crediting portfolio. The
IFC will acquire 10% of Ardshininvestbank's shares for 10 million
dollars - through an additioinal issue of shares. It was stated that
although the IFC has long experience of cooperation with Armenian
financial organizations, this deal is the biggest one.