YEREVAN, October 21. / ARKA /. EBRD and the Armenian Anelik Bank will help exporters and importers within the frameworks of a loan agreement on trade financing, the press service of the bank told ARKA.

"This program provides an opportunity to promote both exporting companies at pre-export and post-export stages and importing companies," the report said.

According to a bank’s press release, every credit application will be considered on an individual basis and credit conditions will be most convenient for the borrower.

The chairman of Anelik Board, Samvel Chzmachyan, was quoted as saying that this program implemented with EBRD is a proof of trust shown by international lending organizations towards Anelik.

Chzmachyan said also that these programs provide an opportunity to improve the competitiveness of Armenian producers at world markets.

Bank Anelik was created in 1990. Its shareholders are CreditBank SALs (69.5%), Samvel Chzmachyan - 12.25%, Armen Kazarian - 6%, Galina Voronina - 12.25%. Anelik Bank is the only bank in Armenia, which has a subsidiary bank in Russia OOO Anelik Ru. The Bank cooperates with virtually all international credit programs operating in Armenia. -0-