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Ameriabank Started Broad-Scale Project Of Business Funding

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  • Ameriabank Started Broad-Scale Project Of Business Funding

    AMERIABANK STARTED BROAD-SCALE PROJECT OF BUSINESS FUNDING

    ARKA
    Dec 8, 2009

    YEREVAN, December 8. /ARKA/. Ameriabank started broad-scale project of
    business funding. The project will provide unprecedented conditions
    of crediting to all entrepreneurs, the annual turnover of which will
    make from 5 million to 5 billion drams and the number of employees
    will not exceed 250.

    Credits will be provided in the amount up to $1.5 million and are
    available for legal entities and private entrepreneurs. The policy of
    the bank strategy assumes individual approach to each client taking
    into account specification of the client's business. The new project
    envisages also such an approach to each borrower.

    Credits are provided by annual percent rate from 12% up to 7 years,
    including grace period up to 2 years during which only credit percents
    are paid. Ameriabank highly appreciates long-term cooperation with
    its partners and borrowers who carry out their responsibilities due
    diligence and suggests unique opportunity of crediting by privileged
    conditions. Every 6 months during the first 3 years regardless of the
    financial state of the market, percent rate of credit will be reduced.

    The aim of the new project on business funding is support to activation
    of business activity and development of different sectors of Armenian
    economy.

    CJSC "Ameriabank" is investment corporate bank which provides
    investment, corporate and limited retail banking services in the form
    of comprehensive package of banking decisions. Chairman of Board of
    Directors of the Bank is Ruben Vardanyan and Chairman of Directorate-
    General Director is Artak Hanesyan.

    Strategic partner of Ameriabank is one of the largest Russian
    investment banking companies - the group "Troyka Dialog".
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