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Converse Bank offers favorable agroleasing conditions

02.11.2018 15:15

Converse Bank offers favorable agroleasing conditions

YEREVAN, November 2. /ARKA/. Converse Bank started lending within the framework of the “State Assistance Program on Financial Leasing of Agricultural Equipment in the Republic of Armenia”, the press office of Converse Bank reported on Friday.

This is the third state-subsidized program implemented in the agricultural sector, which Converse Bank has joined this year.

“Loans under the program are issued in Armenian drams, with maturity up to 8 years. The maximum annual interest rate of lending is 11%, 7 of which are subsidized by the state. Thus, the interest rate for beneficiaries is only 4 percent”, the bank says in its press release. .

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