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