\u00a0YEREVAN, July 2, \/ARKA\/. Armenian Ardshininvestbank said it is offering a new\u00a0\u00a0 type of business credits to\u00a0 private\u00a0 resident entrepreneurs. A press release by the bank said the credits will be available only in foreign currency. It said credits in Euro will be issued at\u00a0 20% interest rate\u00a0 and in USD at 22% interest rate.<\/p>\n
The new credits are repayable in three years\u00a0 and must be secured by collateral that must cost\u00a0 50% higher than the amount of requested loan. The minimum amount of a credit to a borrower is an equivalent of 1 million Drams and the maximum is an equivalent of 15 million Drams.<\/p>\n
The majority stake of 86.62% in Ardshininvestbank is owned by Business Investments Center\u00a0 and 10% by International Financial Corporation (IFC). The bank is an affiliated member of international MasterCard\/Europay payment system and has a share in Armenian Card.\u00a0 The bank has 49 branches in Armenia, six in Nagorno-Karabakh and an office\u00a0 in Paris, France.\u00a0 ($1 \u2013 367. 67 Drams).-0-<\/p>\n","protected":false},"excerpt":{"rendered":"
Ardshininvestbank offers new type of business credits to private resident entrepreneurs<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[12141,15837,12638],"class_list":{"0":"post-12878","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news","8":"tag-ardshininvestbank","9":"tag-armenia-2","10":"tag-resident"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/12878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=12878"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/12878\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=12878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=12878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=12878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}