EN
27 October 2011 - 09:01 AMT

Armeconombank, BSTDB to develop M&S businesses in Armenia

According to the second credit agreement signed between Black Sea Trade and Development Bank (BSTDB) and Armeconombank, USD 5mln for a 5-year loan maturity will be allocated to the Armenian bank.

The funds attracted will be directed to small and medium enterprise lending, Armeconombank’s press service reported.