Special conditions for business development from ACBA Bank

YEREVAN, June 10. /ARKA/. ACBA Bank has unveiled special business financing offers for the development of small and medium-sized enterprises in Armenia, which are effective until July 31 inclusive.

Financing amount and purpose:

SMEs can receive financing for investments, expansion of existing businesses and implementation of new projects.

• In AMD: from 30 million to 500 million AMD

• In USD: from 75 thousand to 1.2 million USD

Term and grace period:

• For fixed assets: 36-84 months (principal repayment grace period: 3-24 months)

• For current assets: 12-60 months (principal repayment grace period: 3 months).

Interest rate:

In the case of Armenian drams:

• 30-100 million drams: 12.5%

• 100-500 million drams: 11.5%

In the case of US dollars:

• 75-250 thousand USD: 8.8%

• From 250 thousand to 1.2 million USD: 7.9%

Issue commission: 0.5%.

ACBA Bank also offers businesses special refinancing conditions.

• Financing volume and interest rates according to the above scale

• Repayment period: 18-84 months.

• Issue commission: 0%.

Additional advantage

SMEs can take advantage of the above offers both separately and simultaneously.

More details are here.

The bank is supervised by the Central Bank of Armenia. -0-