Approved new lending by the Asian Development Bank (ADB) to Central and Western Asian countries fell to $2.75bn in 2014, down from $4.13bn in 2013, according to the latest figures published in the bank’s 2014 annual report.
The energy sector made up 57% of the new lending and grants, followed by the transport sector (25%), public finance and management (8%), environment and natural resources (5%), urban services (3%), and emergency assistance (2%), the report shows.
The ADB as a whole approved total operations for $22.92bn in 2014, up from $20.99bn in 2013.
BOGG PLC, an international financial group based in the UK, has finalized a deal acquiring a 90% stake in Ameriabank, a leading financial institution in Armenia. This acquisition, valued at $303.6mn, ... more
The Central Bank of Armenia's Board has preliminarily approved the acquisition of a significant stake in Ameriabank CJSC by Bank of Georgia Group PLC (BOGG) and Bank of Georgia JSC, according ... more
Ameriabank has maintained its position as Armenia's leading financial institution for sustainable financing, winning the title for the fourth year in a row. The recognition is due to the ... more