Converse Bank CJSC and the European Fund for Southeast Europe (EFSE) signed a loan agreement in Macedonia during an annual meeting of EFSE on June 9, 2010.

EFSE will allocate $10mln for crediting of small and medium enterprises for a five-year term., the bank’s press service reported.

CEO of Converse Bank Tigran Davtyan noted that loans will be provided to small and medium enterprises and private entrepreneurs engaged in trade, services, processing industry and agriculture.