  VTB Bank (Armenia) launches Available loan to support medium business August 3, 2011 - 15:58 AMT PanARMENIAN.Net - VTB Bank (Armenia) CJSC launched its new product - ‘Available’ loan - for medium-sized business. As the bank’s press service reports, this kind of credit will be available to those legal entities engaged in medium-sized business which run entrepreneural activity on the territory of Armenia at least within three calendar months. Using this product representatives of medium-sized business will be able to enhance existing business as well as to develop new activity directions. “Presently many Armenian banks consider unreasonable to finance the business from the beginning, since such deals are highly risky. Based on our clients’ requuirements and aimed at increasing the bank’s credit products margin, we have changed the process of solvency assessment and re-considered conditions of financing medium business segment, providing more flexible and optimal approach,” said the head of corporative business developemnt department M.Mamikonyan adding that VTB Bank (Armenia) is always ready to support clients of medium-sized business to boost developemnt of this segment in Armenia. Credit applications are being considered within 7 days. The credit is allocated in US dollars with the term of 3 years at interest rate starting from 12% annually. The maximum credit size is up to $1 mln.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
