Ameriabank Started Broad-Scale Project Of Business Funding

AMERIABANK STARTED BROAD-SCALE PROJECT OF BUSINESS FUNDING

ARKA
Dec 8, 2009

YEREVAN, December 8. /ARKA/. Ameriabank started broad-scale project of
business funding. The project will provide unprecedented conditions
of crediting to all entrepreneurs, the annual turnover of which will
make from 5 million to 5 billion drams and the number of employees
will not exceed 250.

Credits will be provided in the amount up to $1.5 million and are
available for legal entities and private entrepreneurs. The policy of
the bank strategy assumes individual approach to each client taking
into account specification of the client’s business. The new project
envisages also such an approach to each borrower.

Credits are provided by annual percent rate from 12% up to 7 years,
including grace period up to 2 years during which only credit percents
are paid. Ameriabank highly appreciates long-term cooperation with
its partners and borrowers who carry out their responsibilities due
diligence and suggests unique opportunity of crediting by privileged
conditions. Every 6 months during the first 3 years regardless of the
financial state of the market, percent rate of credit will be reduced.

The aim of the new project on business funding is support to activation
of business activity and development of different sectors of Armenian
economy.

CJSC "Ameriabank" is investment corporate bank which provides
investment, corporate and limited retail banking services in the form
of comprehensive package of banking decisions. Chairman of Board of
Directors of the Bank is Ruben Vardanyan and Chairman of Directorate-
General Director is Artak Hanesyan.

Strategic partner of Ameriabank is one of the largest Russian
investment banking companies – the group "Troyka Dialog".