Yerevan /Mediamax/. “Cascade Bank” will receive from the European Bank for Reconstruction and Development (EBRD) a loan at the sum of $5mln for financing small and medium enterprises.

As Mediamax was told in Marketing Department of “Cascade Bank”, Michael Weinstein, Head of EBRD’s Yerevan office, singled out the importance of financing the small and medium enterprises sphere, where “jobs are being created, living standards are being improved and a middle class is emerging”.

Jonathan Stark, “Cascade Bank” Chairman, stressed that “this line of credit will help Cascade Bank’s mission to offer innovative, affordable loans to a broader client base”.