Signing of a loan agreement on the 3rd stage of the loan program for small and medium-sized businesses

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PRESS RELEASE 20.12.2021

Signing of a loan agreement on the 3rd stage of the loan program for small and medium-sized businesses

As part of the financial cooperation agreement between the governments of the Federal Republic of Germany and the Republic of Armenia, on December 20, the Central Bank of the Republic of Armenia and the German Bank KfW signed an agreement loan on the 3rd stage of the Small and Medium-Sized Enterprise Loan Program, which will be accompanied by technical assistance. The total loan amount is 70 million euros, which is in fact the largest loan agreement signed by the Central Bank of Armenia and KfW under the Armenian-German intergovernmental cooperation.

Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany to the Republic of Armenia Victor Richter, Deputy Ambassador Klaus Veldelberger, KfW Bank Regional Director for the South Caucasus Birgit Holderid-Cress and other guests attended the signing ceremony of the agreement.

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Central Bank of Armenia published this content on 20 December 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on December 20, 2021 02:09:07 PM UTC.


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