EBRD provided "Anelik bank" with a USD 6mln loan for SME financing / Shant / Yerkir Media/

PRESS REALISE
The EBRD is extending US$6 million to Anelik Bank in Armenia, for on-lending to small and medium size enterprises and to further support the development of the country's private sector.
The loan will assist Anelik Bank in implementing its strategy to reach out to small and medium-sized enterprises (SME) through a diversified product range offered to this sector. The maximum sub-loan size is $500,000 and maximum term is 5 years. The loan will include local currency option thus helping Anelik bank and its clients to mitigate the foreign currency risks.
"This and other similar projects implemented by Anelik Bank CJSC with the support of international financial organizations during the last 15 years, once more highlight the trustworthiness of the Armenian Banking system. We are sure that in future we will continue our collaboration with the EBRD and other international organizations, promoting the development of SME sector in Armenia" said Samvel Chzmachian, Chairman of the Board of Anelik Bank.
"We are pleased to support further our long-standing partner as well as the country's real economy. The project will enable Anelik Bank to continue address the needs of the local enterprises in the current challenging environment", said Valeriu Razlog, Head of EBRD Yerevan Office.
01.10.2010
Anelik Bank CJSC
for more www.anelik.am

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