News
11 February 2020
BSTDB loan boosts support for Armenian SMEs
Region:
Europe
The Black Sea Trade and Development Bank (BSTDB) has provided a $10 million SME loan facility to the Armenian Economy Development Bank (Armeconombank).
Aram Khachatryan, CEO of Armeconombank, said: "Armeconombank will use the BSTDB facility to fund its sub-loans to Armenian small and medium-sized companies to finance projects and investment programs. Financing of the SME sector from proceeds of the loans facilities attracted from IFIs is under constant focus of Armeconombank."
