Friday, April 19 2013 18:44

Araratbank and Black Sea Trade and Development Bank make loan agreement for $7 mln to finance small and medium-sized business


Arminfo. Araratbank and Black Sea Trade and Development Bank (BSTDB) has made a loan agreement for $7 mln to finance small and medium-sized business. As press-service of the bank reported, the loan will be directed at fulfillment of the business-projects in the sphere of industry, trade, service and in agrarian sector.

The loans within the frames of the given programme will be delivered with a pay-off period 5 years and interest rate 12-14%.

This is the first programme where Araratbank cooperates with BSTDB. It will let the Armenian bank to increase its credit investments in the SME sphere.
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