Ameriabank Has Allocated 25 Billion Drams of Credits To Small And Medium-Sized Businesses

17.09.2010 10:45
Ameriabank Has Allocated 25 Billion Drams of Credits To Small And Medium-Sized Businesses

YEREVAN, September 16, /ARKA/. Armenian Ameriabank has allocated a total of 25 billion Drams of credits to small and medium-sized businesses, its CEO Artak Hanesian said today. Speaking at a news conference he said around 30% of the credits are allocated to small and medium-sized businesses at 13.6% interest rate.

Ameriabank CJSC (formerly Armimpexbank) was founded in July 1992 using the facilities of the Armenian branch of the USSR Vnesheconombank (Foreign Economy Bank). On September 8, 1992, the bank received a banking license from the Central Bank of Armenia.

In August 2007, TDA Holdings limited, affiliated with Troika Dialogue, Russia’s leading investment company, purchased the bank’s shares. -0-


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