Araratbank to offer special loan program to Syrian Armenian refugees
11.06.2019,
16:22
Araratbank will offer a special loan program to Syrian Armenian refugees, the chairman of its Board Ashot Osipyan told reporters on Tuesday. He said the loan program will be designed together with the bank’s international partners.
YEREVAN, June 11 /ARKA/. Araratbank will offer a special loan program to Syrian Armenian refugees, the chairman of its Board Ashot Osipyan told reporters on Tuesday. He said the loan program will be designed together with the bank’s international partners.
He said the program is being discussed now with the EU and it is too early to speak about the terms of the lending. He noted that the bank had already met with refugees, who are mostly ethnic Armenians, to discuss their needs.
By the end of 2018, the assets of Araratbank stood at 228.1 billion drams, by 5.8% from 2017, its liabilities were worth 191.3 billion drams (6% growth), its capital was worth 36.729 billion drams (4.9% growth). In 2018, the bank provided loans in the amount of 123.109 billion drams, a 4.3% rise year-on-year.
Araratbank was established in 1991. It is owned by Flash oil trader - 72.73%, EBRD - 18.33%, and RURAL IMPULSE FUND II SA SICAV SIF - 8.58%. ($ 1- 479.52 dram). --0--
He said the program is being discussed now with the EU and it is too early to speak about the terms of the lending. He noted that the bank had already met with refugees, who are mostly ethnic Armenians, to discuss their needs.
By the end of 2018, the assets of Araratbank stood at 228.1 billion drams, by 5.8% from 2017, its liabilities were worth 191.3 billion drams (6% growth), its capital was worth 36.729 billion drams (4.9% growth). In 2018, the bank provided loans in the amount of 123.109 billion drams, a 4.3% rise year-on-year.
Araratbank was established in 1991. It is owned by Flash oil trader - 72.73%, EBRD - 18.33%, and RURAL IMPULSE FUND II SA SICAV SIF - 8.58%. ($ 1- 479.52 dram). --0--
