COOPERATION AGREEMENT SIGNED BETWEEN NATIONAL CENTER FOR ARMENIAN SME DEVELOPMENT AND INECOBANK

Noyan Tapan
May 02 2006

YEREVAN, MAY 2, NOYAN TAPAN. The foundation "National Center for
Development of Armenian Small and Medium Enterprises (SME)" and
Inecobank on April 27 signed a agreement on cooperation. According
to the foundation's press service, the purpose of the agreement is
to solve the problem of insufficent pledge in providing credits in
Armenian marzes, particularly in remote and border areas, through the
Center's Credit Guarantees Program. The remote and border areas make up
80-90% of the Armenian regions where this program is being implemented.