YEREVAN, August 3. /ARKA/. Bank VTB (Armenia) launched a new product for the segment of medium business - “Available” credit.

“Today many banks of Armenia consider not reasonable to finance the business from zero as such transactions have a high level of risk. Taking into account the demands of our clients and with the purpose of expanding the line of products of the bank, we changed the process of assessment of creditability and reviewed the terms of financing the segment of medium business providing more flexible and optimal approach. Bank VTB (Armenia) is always ready to support the clients of medium business for promoting the development of the given segment in the territory of Armenia”, said the Head of Corporate Business Development Department Mary Mamikonyan.

This type of credit will be available for the legal entities of medium business which are implementing entrepreneurial activity in the territory of Armenia not less than 3 (three) calendar months. Using this product, representatives of medium business can not only expand their existing business but also open new directions of activity.

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Tags: Armenia, crediting, VTB Bank (Armenia)

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Crediting of private companies by the Armenian banks in the forth quarter of 2010 increased by 5.1% to about 543.3 billion drams.

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Tags: Armenia, Banks, companies, crediting

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A senior official of Armenia’s Central Bank said today local crediting organizations are expected to step up their activity in several months.

Categories: General news, Loan organizations, News | Comments Off on Local crediting organizations expected to step up their activity in several months

Tags: Armenia, crediting

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