Areximbank-Gazprombank Group’s SME lending portfolio will make up 10bln AMD by the end of 2013 due mostly to international projects.
The press service of Areximbank-Gazprombank Group reports that among the bank’s key partners is the World Bank, with 159 loans worth a total of 1.6bln AMD issued in 2012 under the WB’s refinancing program
US Secretary of State Hillary Clinton’s statements about Washington’s intention to prevent the integration processes in the post-Soviet space are recurrence of
imperial thinking, Igor Finogenov, Chairman of the Board of the Eurasian Development Bank (EDB), told Armenian journalists in Yerevan on Tuesday
Eurasian Development Bank (EDB) has provided a US $15 million loan to VTB Bank (Armenia) who will sub-lend funds to small and medium-sized businesses (SMB). The agreement was signed by Dmitry Zhurba, Deputy Chairman of the Management Board, on the part of EDB and Yuri Gusev, General Director and Chairman of the Board of Directors, on the part of VTB Bank (Armenia).
The funds will be used to expand the activities of SMB and stimulate the advancement of this sphere, which is one of the strategic priorities of Armenia’s economy.
Yuri Gusev, General Director and Chairman of the Board of Directors of VTB Bank (Armenia), stated that, «In the current economic situation, special importance is attached to the development of small and medium-sized businesses in Armenia. The joint project of EDB and VTB Bank (Armenia) will help create favourable conditions for the development of small and medium-sized businesses in Armenia, the advancement of competition and, therefore, the growth of production, the expansion of the range of goods and services, and the improvement of their quality. We hope for long-term, effective and mutually beneficial cooperation and for the expansion of the sphere of funding»
Almaty, 10 December 2012. Igor Finogenov, Chairman of Eurasian Development Bank’s (EDB) Management Board, will speak on 11 December in the Griboedoff discussion club in Yerevan (www.griboedoff.net). This is a unique place where intellectual elites of Russia and Armenia meet for informal talks. The topic chosen by the head of EDB for discussion is In the Storm of the Global Economy: Is There Really a Need to Choose between the European and Eurasian Paths of Development?
Moscow, 10 December 2012. Eurasian Development Bank (EDB) is the leading regional development institute and an effective financial tool of economic integration in the CIS. Igor Finogenov, Chairman of the EDB Management Board, stated this today during his speech in the Upper Chamber of Russia’s Federal Assembly at a roundtable «The Single Economic Space: Problems and Solutions, Prospects and Legal Framework»
The Council of the EurAsEC Anti-Crisis Fund (ACF) has approved disbursement of the fourth tranche of the financial credit to Belarus in the amount of US$ 440 million, the press service of the bank reports
Almaty, 7 December 2012 — The Council of the EurAsEC Anti-Crisis Fund (ACF) has approved disbursement of the fourth tranche of the financial credit to Belarus in the amount of US$ 440 million. The above decision was made today at the 8th ACF Council meeting in Minsk on the basis of the report of the Ministry of Finance of Belarus on compliance with the requirements for this tranche, as well as with the guidelines of the Eurasian Development Bank (EDB) and the ACF Resources Manager
Almaty, 7 December regular meeting of Eurasian Development Bank’s (EDB) Council took place in Minsk on Friday. The attendees were Vache Gabrielyan, Minister of Finance, from Armenia; Bolat Zhamishev, Minister of Finance, from Kazakhstan; Anton Siluanov, Minister of Finance, from Russia; and Safarali Nadjimiddinov, Minister of Finance, from Tajikistan.
The Bank’s Council elected Anton Siluanov as its Chairman. In September 2012 Dmitry Medvedev, Chairman of the Russian Government, appointed Anton Siluanov Russia’s authorised representative in the EDB Council instead of Sergei Storchak, Deputy Minister of Finance
Almaty, 4 December 2012. An electric locomotive plant was opened today in the Astana Industrial Park. President of Kazakhstan Nursultan Nazarbayev started the first locomotive built by the new enterprise. Eurasian Development Bank (EDB), which provided finance for the project, was represented at the opening ceremony by Marat Jaukenov, Deputy Chairman of the Management Board, and Kanat Dosmukametov, Managing Director for Project Activities.
Under the loan agreement, EDB has provided to the Elektrovoz Kurastyru Zauyty (EKZ) plant a ten-year loan facility of 10 billion tenge (more than US $66 million). The overall project value exceeds 18 billion tenge.
EKZ is a joint venture which has been set up specifically for the project. Its founders are Remlokomotiv, a subsidiary of the Kazakstan Temir Zholy (KTZ) national company (Kazakhstan’s national rail operator), Alstom Holdings (a French corporation and one of the leaders in the market in railroad machinery and equipment), and Transmashholding (Russia’s largest transport engineering company)