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Ameriabank Starts New Program Of Business Crediting

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  • Ameriabank Starts New Program Of Business Crediting

    AMERIABANK STARTS NEW PROGRAM OF BUSINESS CREDITING

    Noyan Tapan
    Dec 8, 2009

    YEREVAN, DECEMBER 8, NOYAN TAPAN. Ameriabank has started a new program
    of business crediting. The program ensures special conditions for
    businessmen who have an annual turnover from 5 million drams to 5
    billion drams and the number of whose employees is up to 250 people.

    Legal entities and private entrepreneurs can recieve loans of up to
    1.5 million dollars.

    Loans are provided at a 12% annual interest rate for a maximum period
    of 7 years, with a two-year grace period.

    The press service of Ameriabank reports that attaching great importance
    to long-term cooperation with partners, the bank has created a
    unique opportunity for those borrowers who fulfil their obligations
    properly: during the first three years, the interest rate of a loan
    will be lowered every six months, irrespective of the situation in
    the financial market.
    From: Baghdasarian
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