YEREVAN, February 3. /ARKA/. Armenian “BTA Bank” announced about the reduction of percent rate of business credits in the sphere of small and medium-sized businesses.

Annual percent rate of the above mentioned credits will be from 12% annually in US dollars and 3% - in AMD. Earlier minimum percent rate of these credits was 17% annually. Credits are given from 6 months to 5 years under the mortgage of movable and immovable property.

The given crediting program is envisaged for the enterprises and individual entrepreneurs. The credits can be used also by new clients not having credit history in BTA Bank.

As of December 31, 2010 total capital of BTA Bank cjsc was 5.2 billion drams, assets - over 8.2 billion drams and liabilities – over 3 billion drams. ($1-365.27 drams). –0--