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11-07-2018 13:25 3272

parisardshin

 

Ardshinbank cooperates with the International Investment Bank (MIB) to finance the import of high-tech equipment for small hydropower plants from the Czech Republic and Bulgaria to Armenia. Within the framework of the MIB Trade Finance Promotion Program, the Bank has financed import transactions totaling around 5 million euros.

Ardshinbank joined the MIB Trade Finance Promotion Program in March 2018. According to the contract and Ardshinbank's order, MNB issues irrevocable reimbursement obligations in favor of leading European banks in the amount of 100% of the nominal amount of the financial instrument underlying the transaction.

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