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Ameriabank Launches Program For Medium-Sized Businesses

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  • Ameriabank Launches Program For Medium-Sized Businesses

    AMERIABANK LAUNCHES PROGRAM FOR MEDIUM-SIZED BUSINESSES

    PanARMENIAN.Net
    13.10.2009 13:14 GMT+04:00

    /PanARMENIAN.Net/ Ameriabank has announced a new loan program for
    medium-sized businesses, Corporate Banking Director Levon Arevshatyan
    said.

    "We have already reached agreement with two international organizations
    on $20-40 million," he told reporters on Tuesday.

    "Enterprises with up to AMD 15 million annual income and no more than
    250 employees are eligible to participate," he said, adding that 60-70%
    of the bank's clients are medium-sized companies.

    The bank offers credits with 8 years maturity period, 3 years grace
    period and 11% interest rate.
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