Client: European Bank for Reconstruction and Development
Duration: 2013-2014
Region: Eastern Europe and Central Asia
Country: Armenia
Solutions: Economic Growth
Araratbank in Armenia is a privately owned commercial bank that provides a range of services to corporate and retail customers and small businesses, with micro, small, and medium-sized companies (MSMEs) as its main clientele. The European Bank for Reconstruction and Development (EBRD) extended a $7 million equivalent credit line to Araratbank to support further development of on-lending to local MSMEs. At least $1 million was allocated for lending to local agribusinesses. This is a relatively new segment for Aratatbank; we assisted in designing sustainable lending schemes suitable for this sector.
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