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24 November 2009 - 12:50 AMT

Armeconombank invests USD 7 million in EBRD Co-financing Program

Armeconombank has already invested USD 7 million in EBRD (European Bank of Reconstruction and Development) Co-financing Program, the bank’s press service reported.

Within EBRD Co-financing Program framework, Armeconombank continues active long – and medium-term financing of trade and manufacturing projects, offering USD 400 000 -1.2 million credits with up to 5 years’ maturity period, at the interest rate of 12%.