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Economic development

Black Sea Trade and Development Bank Provides €15 Million Loan to SAS Group to Boost Retail Infrastructure

Strategic Insights

— 1 min read

The Black Sea Trade and Development Bank (BSTDB) has provided a €15 million loan to SAS Group LLC, one of Armenia's top retail companies, to support its expansion plans and strengthen the country's retail sector. This financing will fund the construction of new retail outlets in Yerevan and help refinance existing obligations, reinforcing the company's financial sustainability and long-term growth. As a trusted partner of BSTDB since 2007, SAS Group has consistently demonstrated strong operational performance and commitment to quality service in Armenia's retail sector.

Key Takeaways:

  • The Black Sea Trade and Development Bank (BSTDB) has provided a €15 million loan to SAS Group LLC to support its expansion plans in Armenia's retail sector.
  • The financing will fund the construction of new retail outlets in Yerevan and help refinance existing obligations, enhancing the company's financial sustainability.
  • SAS Group has been a trusted partner of BSTDB since 2007 and has consistently demonstrated strong operational performance and commitment to quality service in Armenia's retail sector.
  • The loan is expected to create tangible economic value, including increased employment and stronger links with domestic producers.
  • The Black Sea Trade and Development Bank provides loans, credit lines, equity, and guarantees for projects and trade financing in the public and private sectors in its member countries.
  • SAS Group is one of the leading retail trade operators in Armenia, operating a total of ten retail outlets: eight supermarkets and two "Home Stores" in Yerevan.
  • The Company was established in 1998 by Artak Sargsyan, who stated that the financing will support its investments, leading to improved level of service and bringing benefits to its customers.

Statistics:

  • €15 million loan provided by BSTDB to SAS Group LLC
  • Total of ten retail outlets operated by SAS Group in Yerevan:

+ Eight supermarkets

+ Two "Home Stores"

  • Nineteen years of operation since SAS Group was established in 1998
  • €3.45 billion authorized capital of the Black Sea Trade and Development Bank

Sources:

  • Black Sea Trade and Development Bank Press Release | 10-Jul-2025
  • www.bstdb.org
  • Contact: Haroula Christodoulou : @BSTDB

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