08.09.2018 08:37
YEREVAN, September 7. /ARKA/. Converse Bank said today it is displaying a number of attractive products at Armenia EXPO, such as BRIDGE loans, export loans and pre-export finance, Converse Trade and government-subsidized agricultural loans.
“Converse Bank prioritizes the accessibility of credits to small and medium businesses and continuously improves the SME financing by offering advantageous terms. Due to competitive and affordable offers the SME loan portfolio of Converse Bank has grown by 45.7% in the past year,” Converse Bank Corporate Business Director Rostom Badalyan said.
With regard to the offers displayed at Armenian EXPO, Mr. Badalyan stated that the BRIDGE loan is issued to small and medium businesses in AMD, USD and EUR with up to 12-month maturity, and the annual interest rates starting from 10%, 6.5% and 5% for AMD, USD and EUR loans respectively.
The export and pre-export financing is provided for up to 12-month period at annual interest rate starting from 4% for EUR and 6% for USD, the bank said.
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