Yerevan, December 14 /Mediamax/. “Armeconombank”, jointly with the European Bank for Reconstruction and Development (EBRD), signed an agreement today on attracting a syndicated loan at the sum of $15mln.

Mediamax reports that the Executive Director of “Armeconombank” David Sukiasian stated today that the signing of such an agreement is unprecedented in the banking practice of Armenia, since for the first time 6 well-known international banks participated in the formation of the syndicated loan.

The banks, participating in the syndicated loan, are: EBRD, German Commerzbank AG, Austrian Raiffeizen Zentralbank Osterreich AG and Bank Austria Creditanstalt AG, Indian State Bank of India, Taiwanese Land Bank of Taiwan and the English FBN Bank (UK) Limited.

The syndicated loan is composed of two separate loans. The first one, at the volume of $5mln, will be provided by the EBRD for the term of 36 months. The second loan, at the volume of $10mln, will the provided by participant-banks.

The financial means will be directed to crediting of Armenian companies, involved in the sphere of production, service and trade. The maximum sum of the credit will make $400.000.

“Our banking system enters the international financial markets, is integrated in the international banking system and attracts financial means for the development of small and medium enterprises”, member of the Board of the Armenian Central Bank Vartan Movsisian stated today.