Byblos Bank Armenia is introducing two special offers to promote the development of small and medium-sized businesses and the use of innovative ideas in SME growth.

“An overdraft or unsecured loan with special terms of service delivers a number of measurable benefits. An existing loan, meanwhile, can be transferred to Byblos Bank Armenia on much better terms,” the bank said in a news release.

Unsecured loan or overdraft of up to AMD 25 million with special terms of service

Business owners can get an unsecured loan or overdraft of up to AMD 25 million (or foreign currency equivalent) on their business card with special terms of service: free business card service, free account opening, free activation and maintenance of the Online Banking Service. The package comes with no arrangement commissions.

3% lower interest rate when transferring a business loan to Byblos Bank Armenia

As part of the offer, business loans or overdraft can be transferred from other banks or credit organizations to Byblos Bank Armenia, with an interest rate that’s 3% lower, while the bank will cover all transfer costs.
The special offers are valid until 31 December 2022.

More detailed information can be found here.

Other options of SME financing, as well as their terms can be found on the bank’s official website.