ArmSwissBank provides loans to trade field at 10% annual interest rateJune 17, 2010 - 10:42 AMT PanARMENIAN.Net - ArmSwissBank offers its potential clients refundable and nonrefundable loans under the SME Crediting and Trade Financing programs, due to its cooperation with the European Bank for Reconstruction and Development. Under the SME Crediting program loans are provided at 15% annual interest rate, while under the Trade Financing program – at 10% interest rate for 12 months with the minimum amount of $100,000 in foreign currency, the bank's press service reported. ArmSwissBank provides loans to large, small and medium enterprises. 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 | Court in Azerbaijan extends former Karabakh leader’s arrest by 5 months The Binagadi District Court in Azerbaijan has granted the prosecutor’s petition to extend the arrest of Arkady Ghukasyan. Ucom General Director joins High-Tech Development Panel Discussion The discussion was titled "The Role of International Corporations and Investors as Catalysts for Development of High-Tech Ecosystem." U.S. still believes “peace is possible” between Armenia, Azerbaijan The United States continues to believe that peace is possible between Armenia and Azerbaijan, Vedant Patel says. Dozens detained as antigovernment protest continue in Armenia At least 63 people demanding Prime Minister Nikol Pashinyan’s resignation were detained on May 14 as they blocked streets in Yerevan. |