ProCredit Bank announced introduction of business and agro loans with up to 12 years of maturity. Business loans are provided for real estate acquisition, renovation and construction, purchase of equipment and vehicles. Agro loans are intended for financing purchase of agricultural equipment, lands and gardens, construction and renovation of barns, greenhouses, as well as for other agricultural investments.

Loans are provided in USD at interest rates starting from 10% for variable and 12% for fixed rate loans with up to 144 months repayment period. This unique long-term lending solution is an excellent opportunity to establish long-term mutually beneficial relationships between the Bank and the clients. The loan aims to stimulate capital investments in SME and agro sector, to promote effective implementation of their business goals, as well as provide them with a long-term planning possibility.

The acting executive director of the Bank, Ashot Abrahamyan said, “ProCredit Bank remains committed to its mission and tailors solutions contributing to the development of Armenian economy by introducing a variety of options for financing. We strive to find new ways of providing services with more favorable conditions to our customers. We are sure that new long-term loans will allow them to set a number of new long-lasting business plans and implement number of long-term business projects. ”