EN
18 September 2012 - 10:37 AMT

FAAE: Armenian businessmen may get loans in European banks

The Forum of Armenian Associations of Europe (FAAE) has come up with a new initiative to provide low-interest loans to Armenian businessmen through support of European financial companies.

The program will enable Armenian entrepreneurs to receive loans with the minimum interest rate – 5-6%, depending on the euro exchange rate, with over 5-8 years of maturity.

Those interested may familiarize themselves with the terms in FAAE head offices in Yerevan and Bratislava, FAAE press service reported.