Thursday, May 20 2010 15:33

BTA Bank launches SME support action


ArmInfo. In May-June 2010 BTA Bank will implement a preferential credit program for supporting small and medium-sized business.

The press service of the bank reports that the interest will range within 13%-16%, the size - from $10,000 to $50,000, the repayment period - from 6 months to 4 years. The loans will be issued against real estate to both old and new borrowers.

As of Apr 1 2010 the capital of BTA Bank totalled 5.3bln AMD, the assets - 8.7bln AMD, the obligations - 3.4bln AMD. BTA Bank is strategic partner of BTA Bank, a Kazakh group owning 48.9% stake in the bank's capital.
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