Yerevan, February 12 /Mediamax/. “Armeconombank” will receive from the Black Sea Trade and Development Bank (BSTDB) a loan at the sum of $5mln for financing of small and medium enterprises.

As Mediamax was told in the press service of the bank today, in accordance with the agreement signed today, the crediting by this program will be realized by the standards and procedures for crediting of small and medium enterprises, elaborated and established by the BSTDB.

Credits for the term of 5 years will be targeted for enterprises, involved in the sphere of production, trade and service. The maximum sum of the credit for one borrower will make $400 thousands or the equivalent in drams.