December 8, 2009 - 13:58 AMT
Armeriabank to launch large scale project on business financing
Armeriabank has launched a large scale business financing project. The project will stipulate for beneficial crediting terms for enterprises with an annual turnover of AMD 5 million to 5 billion, with a personnel of under 250 people. USD 1.5 million credits are provided both for legal persons and private entrepreneurs. Credits are provided at the annual rate of 12%, for 7 years, including a 2-year grace period.

Besides, Ameriabank offers a unique possibility of crediting at preferential terms: credit rate will keep decreasing during the first 3 years of crediting.

The project aims at intensifying business activities and development of different sectors in Armenian economy.