Eurasian Development Bank (EDB) and Ameriabank signed a loan agreement on providing Ameriabank with credit line of USD 30 million to develop small and medium-sized businesses.

The loan is allocated for 4 years.

“The project implementation will contribute to the expansion of bank’s activity, including business lending, as well as development of real economy. Small and medium-sized businesses have strategic significance in Armenia for stabilizing the economy,” the statement of EDB press service reads.