Sun, 27 April
13.1 C
Yerevan
USD: 390.33 RUB: 4.73 EUR: 443.14 GEL: 142.02 GBP: 519.57
spot_img

Armswissbank offers credits and renewable and non-renewable credit lines

YEREVAN, June 17, /ARKA/. Armswissbank said in a press release it begins offering credits and renewable and non-renewable credit lines for its clients as part of two programs designed to support small and medium-sized businesses and trade respectively. It said these credit instruments are offered as part of cooperation with the European Bank for Reconstruction & Development (EBRD).

Credits to companies meeting the requirements of the first program are issued at 15% interest rate and those meeting the requirements of the second program at 10%. The minimum credit amount (it may be allocated in USD, Euros and other convertible currency) is equivalent to $100,000.

Armswissbank is a fully Swiss owned bank. On March 31 its assets totaled 36.6 billion Drams, liabilities stood at 28.2 billion Drams, the total capital was worth 8.4 billion Drams and the chartered capital was worth 7 billion Drams. Its credit investments stood at 10.8 billion Drams, client liabilities at 11.3 billion Drams. The bank earned 272.6 million Drams in net profits in the first quarter of the year.  -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

Ranking of biggest profit-gainers among Armenia’s banks for Jan-Sept 2019

ARKA News Agency has released the ranking of the biggest profit-gainers among Armenia's commercial banks for Jan-Sept 2019. The Armenian banking sector's aggregate net profit for Jan-Sept 2019 amounted to AMD 60.9 billion against the AMD 51.7 billion of the same period a year before showing a 18% year-on-year growth. All the 17 banks of the country operated with profits

LATEST NEWS

spot_imgspot_imgspot_img