Ameriabank boosts SME lending

Ameriabank boosts SME lending

PanARMENIAN.Net - Ameriabank CJSC has achieved favorable results in lending to Armenia’s small and medium-sized enterprises (SMEs), the bank’s CFO said.

As Gevorg Tarumyan told a press conference, lending to SMEs by provinces and subsidiaries grew by 171% in a year, with 77,4% growth recorded in lending to larger corporate business.

Ameriabank’s Development Director Tigran Jrbashyan, in turn, stressed that lending to SMEs by branch network and to large businesses grew by 1.8-fold and 80% respectively, with the consolidated portfolio of SME lending having totaled AMD 29 bln.

He further noted that the bank maintains a leading position in corporate lending, with the consolidated loan portfolio grossing AMD 127 bln.

 Top stories
“Government’s policy line of boosting the NPP’s safety and building a new power unit remains unchanged,” Armen Movsisyan said.
In turn, Armenia will provide $500 thousand in abolished taxes and duties for imported equipment and pipes.
Armenia’s rich cultural, historical and Christian heritage will be presented in travel guides and maps in Russian during the exhibition.
The contract terms stipulated by companies allowed them to charge subscribers for the period when no internet service was provided.
Partner news