Tuesday, April 17 2012 18:33

Armenian Development Bank offers a business loan with a safety cushion


ArmInfo. The Armenian Development Bank (ADB) offers a new type of a commercial credit - business loan with a safety cushion. The press service of the Bank told ArmInfo that this loan gives the legal entities and private entrepreneurs an opportunity of financing worth up to 100% of the estimated value of the pledge. The loan is provided for 5 years at the interest rate of 12-16% p.a., and the amount of the loan in the foreign exchange is equivalent to 100 mln AMD.

According to the source, the flexible policy of the ADB will help finance the business of legal entities and private entrepreneurs and will make the lending terms more preferable. According to the Ranking of Armenian Banks of Armenia by the Agency of Rating Marketing Information (ArmInfo), as of 1 April 2012 the total provision of crediting of the ADB amounted to almost 27 bln AMD.
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