SME funding is a priority target for Areximbank-Gazprombank Group CJSC since the small and medium enterprises are the backbone of the economy in any country. The banks usually toughen loaning conditions, including those related to SME during a crisis to reduce the risks. However, the situation has changed now, and the SME loaning sector has started to develop. Head of the bank's SME loan department Martin Torosyan spoke about the bank's plans on SME funding in 2013 in an interview with PanARMENIAN.Net.
In 2012, Armenia faced several significant economic events which may have further positive influence on the development of this sphere and the country in general. PanARMENIAN.Net provides a brief overview of the developments of this year.