AMERIABANK LAUNCHES LARGE-SCALE BUSINESS FINANCING PROJECT

ArmInfo
2009-12-08 13:12:00

ArmInfo. Ameriabank launches a new large-scale business financing
project. As Ameriabank’s press-service told ArmInfo, the project
will assure the terms of crediting, having no analogues, for all
the businessmen with annual turnover of 5 mln to 5 bln drams and the
number of employees not exceeding 250 people.

Credits are provided to the sum of up to $1.5 mln and are available
for both legal persons and individual entrepreneurs. The policy,
laid in the bank’s strategy, supposes an individual approach to each
client with account of the client’s business specifics. The new project
also envisages a similar approach to each borrower. The credits are
provided at 12% annual interest rate with 7-year repayment period,
including a 2-year period of grace, during which only the interest
on credit is repaid. Ameriabank offers an opportunity of crediting
on preferential terms to the borrowers who properly fulfill their
obligations: the interest rate on credit will reduce every six
months during the first three years of the credit, irrespective of
the financial market state. The new business financing project aims
at assistance in promotion of the business-activity and development
of different sectors of Armenia’s economy.

Ameriabank CJSC is an investment bank which offers corporate,
investment and limited retail services in form of a complex package.

Troika Dialogue Group of companies, being one of the biggest
investment-banking companies of Russia, is Ameriabank’s strategic
partner.