The Black Sea Trade and Development Bank (BSTDB) is providing a corporate loan of USD 10.145 million to SAS Group LLC., one of Armenia’s leading retail companies. BSTDB told Mediamax that, the seven-year BSTDB loan will finance the company’s investment program, which includes expansion of the supermarket chain, modernization of bakeries and/or kitchen facilities at four existing stores, and the launch of an on-line supermarket. “We are pleased to support SAS Group, an Armenian company committed to providing consumers with high-quality products and services. The SAS investment will benefit the Armenian economy by providing stable market outlets for the country’s farming sector and new employment opportunities in trade and retail sectors", said Andrey Kondakov, BSTDB President signing the loan agreement. “Since 2008 SAS GROUP has enjoyed financial support of BSTDB and we highly appreciate its professionalism and commitment to contribute to our business development initiatives. Thanks to BSTDB’s efficient cooperation we afforded to implement our strategic development projects and to expand our business making it more efficient and competitive”, stated Aram Sargsyan, Chairman of SAS Group. SAS Group receives loan from BSTDB The Black Sea Trade and Development Bank (BSTDB) is providing a corporate loan of USD 10.145 million to SAS Group LLC., one of Armenia’s leading retail companies. The seven-year BSTDB loan will finance the company’s investment program, which includes expansion of the supermarket chain, modernization of bakeries and/or kitchen facilities at four existing stores, and the launch of an on-line supermarket. “We are pleased to support SAS Group, an Armenian company committed to providing consumers with high-quality products and services. The SAS investment will benefit the Armenian economy by providing stable market outlets for the country’s farming sector and new employment opportunities in trade and retail sectors", said Andrey Kondakov, BSTDB President signing the loan agreement. “Since 2008 SAS GROUP has enjoyed financial support of BSTDB and we highly appreciate its professionalism and commitment to contribute to our business development initiatives. Thanks to BSTDB’s efficient cooperation we afforded to implement our strategic development projects and to expand our business making it more efficient and competitive”, stated Aram Sargsyan, Chairman of SAS Group. Tweet Views 10344