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An up-to-date meat processing plant opened at NatFood Company in
cooperation with BSTDB, EBRD and VTB Bank (Armenia)
ARMINFO
Saturday, February 16, 19:26
An up-to-date meat processing plant opened at NatFood Company in
cooperation with Black Sea Trade and Development Bank (BSTDB),
European Bank for Reconstruction and Development (EBRD) and VTB
(Armenia), VTB Bank Armenia told ArmInfo President of Armenia Serzh
Sargsyan attended the opening ceremony. The source reports that the
plant opened due to constructive cooperation with the above banks that
provided additional financing and restructured the loans provided to
NatFood Company before.
The Armenian authorities have rendered permanent support to the
project. The plant with up-to-date equipment and technologies will
produce a wide assortment of high-quality meat products for local
consumption and export. Activation of the plant will help upgrading
the competitive abilities of the meat processing industry in the
country and creating new jobs. NatFood OJSC is a private meat
processing company. The majority shareholder of the company is the
businessperson Hernik Zakharyants.
EBRD is also a shareholder. The Black Sea Trade and Development Bank
(BSTDB) is an international financial institution established by
Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova,
Romania, Russia, Turkey, and Ukraine. With an authorized capital of
SDR 3 billion, the Bank supports economic development and regional
cooperation by providing trade and project financing, guarantees, and
equity for development projects supporting both public and private
enterprises in its member countries. BSTDB is rated A-/A-2 with stable
outlook by Standard & Poor's, and A3/P2 with stable outlook by
Moody's. Since 1991 EBRD has become the largest financial investor in
our region of operations which stretches from central Europe to
central Asia and the southern and eastern Mediterranean. With the
ability and willingness to bear risk on behalf of our clients, it
helps the countries in the region to become open, market economies.
The banks is owned by 64 countries, the European Union and the
European Investment Bank. It has invested in Armenia over 613 million
EUR. VTB Bank (Armenia) CJSC has joined VTB Group in April 2004. At
present the second largest bank in Russia, VTB BANK OJSC, is the sole
owner of VTB Bank (Armenia). The bank is traditionally among top
banks in Armenia in terms of a range of key figures. It serves the
largest branch network in the banking system of Armenia - 69 branches,
including 2 mini-branches. The bank is among top three banks in the
Ranking of Armenian Banks prepared by ArmInfo in terms in loans to
economy sectors - over 61% of total loan book.
cooperation with BSTDB, EBRD and VTB Bank (Armenia)
ARMINFO
Saturday, February 16, 19:26
An up-to-date meat processing plant opened at NatFood Company in
cooperation with Black Sea Trade and Development Bank (BSTDB),
European Bank for Reconstruction and Development (EBRD) and VTB
(Armenia), VTB Bank Armenia told ArmInfo President of Armenia Serzh
Sargsyan attended the opening ceremony. The source reports that the
plant opened due to constructive cooperation with the above banks that
provided additional financing and restructured the loans provided to
NatFood Company before.
The Armenian authorities have rendered permanent support to the
project. The plant with up-to-date equipment and technologies will
produce a wide assortment of high-quality meat products for local
consumption and export. Activation of the plant will help upgrading
the competitive abilities of the meat processing industry in the
country and creating new jobs. NatFood OJSC is a private meat
processing company. The majority shareholder of the company is the
businessperson Hernik Zakharyants.
EBRD is also a shareholder. The Black Sea Trade and Development Bank
(BSTDB) is an international financial institution established by
Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova,
Romania, Russia, Turkey, and Ukraine. With an authorized capital of
SDR 3 billion, the Bank supports economic development and regional
cooperation by providing trade and project financing, guarantees, and
equity for development projects supporting both public and private
enterprises in its member countries. BSTDB is rated A-/A-2 with stable
outlook by Standard & Poor's, and A3/P2 with stable outlook by
Moody's. Since 1991 EBRD has become the largest financial investor in
our region of operations which stretches from central Europe to
central Asia and the southern and eastern Mediterranean. With the
ability and willingness to bear risk on behalf of our clients, it
helps the countries in the region to become open, market economies.
The banks is owned by 64 countries, the European Union and the
European Investment Bank. It has invested in Armenia over 613 million
EUR. VTB Bank (Armenia) CJSC has joined VTB Group in April 2004. At
present the second largest bank in Russia, VTB BANK OJSC, is the sole
owner of VTB Bank (Armenia). The bank is traditionally among top
banks in Armenia in terms of a range of key figures. It serves the
largest branch network in the banking system of Armenia - 69 branches,
including 2 mini-branches. The bank is among top three banks in the
Ranking of Armenian Banks prepared by ArmInfo in terms in loans to
economy sectors - over 61% of total loan book.