March 22, 2010 - 15:09 AMT
EBRD provides Ameriabank with new $ 10 million credit line
The European Bank for Reconstruction and Development EBRD provides Ameriabank with a new credit line for on-lending to small and medium enterprises (SMEs) in the amount of $ 10 million, press office of the Bank reported.

"Small and Medium Enterprise support is one of the main priorities of EBRD in Armenia," EBRD President Thomas Miro said.

According to chairman of the Directorate - General Director of Ameriabank Artak Hanesyan, the new funding provided to Ameriabank will help to meet the growing demand for lending among SME in Armenia and stimulate further development of the economy.