The Eurasian Development Bank Provided Ardshinbank with a US $20 Million Loan Facility for Trade Finance | ardshinbank

The Eurasian Development Bank Provided Ardshinbank with a US $20 Million Loan Facility for Trade Finance

The Eurasian Development Bank (EDB) provided a US $20 million revolving loan facility to Ardshinbank for a period of 3 years. The corresponding agreement was signed on June 28, 2017 by the Managing Director for Assets and Liabilities at EDB Dmitry Ladikov-Roev and Chairman of the Management Board at “Ardshinbank” CJSC Mher Grigoryan.

The funds are intended to finance foreign trade transactions of Ardshinbank’s clients in the EDB member states. 100% of the funds will be directed to financing export-import transactions between the member countries of the EDB. Financing is granted in US dollars, euros, Russian rubles or other currencies of the member states of the EDB.

The agreement will boost the expansion of mutual trade between the member states of the EDB and thereby creating basis for strengthening the integration processes between them.

Content for comparison

Page Updated on Wed, 2017-06-28 10:47
Developed by Studio One