Yerevan /Mediamax/. International Finance Corporation (IFC) will provide “Ardshininvestbank” a loan at the volume of $5mln.

Mediamax reports that the corresponding agreement was signed by the Regional Director of IFC Snezana Stoiljkovich and Deputy Chairman of “Ardshininvestbank” Board Sergey Virabyan.

According to Sergey Virabyan, the received means will be directed to financing of foreign trade. Within the framework of the agreement, “Ardshininvestbank” will participate in IFC Global Trade Finance Program (GTFP) and thus will receive the opportunity to become a participant of the network of international banks, offering standard financial services in the sphere of trade, which assist development of the country’s trade.

According to Snezana Stoiljkovich, this is only the first project along the path of mutual cooperation of IFC with “Ardshininvestbank”. She stressed that the loan means will allow increasing competitiveness of Armenian companies, opening workplaces and will open up new opportunities for developing economy.

Let’s note that IFC is the owner of 10% of “Ardshininvestbank” shares and has already provided the bank loan means at the sum of $25mln.