Ameriabank to lend to SME based on uniqueness of every business

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09.10.2017, 13:53

Ameriabank has unveiled today what it called ‘a totally new loan product’ designed to help boost the development of small and medium-sized businesses.

Ameriabank to lend to SME based on uniqueness of every business

YEREVAN, October 9. /ARKA/. Ameriabank has unveiled today what it called ‘a totally new loan product’ designed to help boost the development of small and medium-sized businesses. The Yerevan-based bank said in a press release that the new product takes into account the uniqueness of any business and the requirements that it needs to progress.

The bank said the loan is provided taking into account the peculiarities of the business; in particular, each borrower is awarded individual loan terms depending on their income, loan / pledge ratio and the loan term.

If the loan is provided in Armenia’s national currency, the dram, the annual interest rate is 10.5%. If it is in US dollars – the rate is 6.5% and if it is in euros – the rate is 5%. This special offer is valid until December 30, 2017, the bank said.

Ameriabank is a dynamically developing bank and one of the major and most stable financial institutions in Armenia. The first investment bank in Armenia, Ameriabank has been providing a large package of innovative banking services since 2007. Now Ameriabank CJSC is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. -0-

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