loans

Georgia trying to contain banks

An unexpected ally of the government in this process was the main opponent of the current authorities, former President Mikhail Saakashvili

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Loan history of Russians to no longer be a mystery

The banking community under the auspices of the 'Russia' association sent a letter to the Russian Central Bank with a request to cancel a consent of the Russians to a request to loan bureaus in some cases. …

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ADB postpones allocating $200m for North-South project

The Asian Development Bank (ADB) postponed its decision on allocating a $200 million loan for implementation of the International North-South Transportation Corridor project. Earlier, an ADB mission was expected in Azerbaijan on …

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Russia to provide €2.2 billion loans to Iran

Russia will extend a €1.2 billion government export credit to Iran in order to finance construction of a thermal power plant (TPP). The Iranian side will use borrowed funds to cover 85% of 1.4 MW TPP construction price. …

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EBRD to provide Armenia with €14.6 million loan

The European Bank for Reconstruction and Development (EBRD) is financing a street rehabilitation program in Gyumri, the second largest city in Armenia, with a €14.6 million sovereign loan, Arka.am reports. The financing will fund …

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Azerbaijan suspends issuance of foreign currency loans

Azerbaijani banks suspended the issuance of consumer loans in foreign currency today, the Financial Market Supervisory Body of Azerbaijan said. The decision to set new regulatory frameworks within a month was made during the meeting of …

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Golodets: expensive loans stifle Russian economy

Excessively high lending rates have a restraining influence on the development of the Russian economy, the Deputy Prime Minister of Russia, Olga Golodets, said. "Probably, today it is difficult to find any man who …

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Russians owe banks 1.15 trillion rubles

Last year, rates of borrowers' payment discipline seriously deteriorated in Russia. According to the United Credit Bureau, overdue loans increased by 48% to 1.15 trillion rubles in December 2015. The share of overdue loans …

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Russia may grant loan to Iran

Iran may receive a state export loan of $5 billion in 2016, Russian Industry and Trade Minister Denis Manturov said. “I think that if all the formalities can be agreed upon in the first …

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World Bank to allocate $50 million to Armenia

Armenia will receive a third loan from the World Bank amounting to $50 million, the press service of the bank said. It is expected that the money will be spent on supporting a wide range of reforms promoting ...

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Armenia to receive 75-million-euro loan from France

A 75-million-euro loan agreement is planned to be signed between the Government of Armenia and the French Development Agency aimed at financing the Vedi reservoir. "The agreement will provide an opportunity …

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