21.02.2018 12:32
YEREVAN, February 21. /ARKA/. Unibank and Armenia’s Export Insurance Agency have signed a cooperation agreement today to provide affordable loans to small and medium-sized exporters, starting from 8% annual interest rate. The Yerevan-based bank said in a press release that the terms of the loan are consonant with its policy to reduce loan rates.
According to the press release, the new lending program is designed to help increase the output of resident economic entities in Armenia, stimulate exports and introduce joint financial services for winning new markets.
‘The availability of loans to SMEs continues to be one of the topical issues. Unibank aims not only to improve lending terms, but also to simplify the loan application process. The terms of this particular loan are available to a larger number of exporting entrepreneurs, while the minimum package of required documents speeds up and simplifies the process of loan issuing. This approach allows the bank to become the most profitable partner for SMEs,’ the press release said.
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