December 28, 2011 - 21:05 AMT
Byblos Bank Armenia to focus on SME financing in 2012

Byblos Bank Armenia fully allocated USD 5 mln funding extended by European Bank for Reconstruction and Development (EBRD) in 2011. The funding was spent on promotion of production, services and processing sectors.

Also, recently, in a deal that increases assistance to small and medium businesses in Armenia, European Fund for Southeast Europe (EFSE) arranged AMD 875 mln and USD 3 mln loans to Byblos Bank.