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.