Mon, 28 July
22.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Anelik Bank to offer new type of agriculture lending

YEREVAN, November 29. / ARKA /. Armenia-based Anelik Bank said beginning from December 2 it will offer a new type of lending designed for large, small and medium-sized agribusinesses.

‘In order to ensure greater availability of loans the bank will offer lending secured by homes, guarantee and gold,’ Anelik Bank said in a press release sent to ARKA news agency.

The largest amount of lending in the national currency is 20 million drams, in USD dollars – $100,000, repayable in seven years.

According to the press release, gold-secured loans are provided without commission and at a very affordable interest rate.

“Agriculture is an important sector of the Armenian economy and Anelik Bank does everything to help boost it,” the first deputy chairman of the bank, Karen Janinyan, was quoted as saying.
Anelik Bank founded in 1990 is now fully owned by Lebanese CreditBank SAL. -0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenian Market: Acceleration of Economic Activity is Positive for the Market

In the period from June 16 to June 30, 2025, the Armenian stock market demonstrated mixed dynamics.

LATEST NEWS

spot_imgspot_imgspot_img