Yerevan /Mediamax/. European Bank for Reconstruction and Development (EBRD) will provide “ProCredit Bank” with $7mln for financing micro and small business.

As Mediamax was told in the press service of the bank, the loan will be provided in two tranches – $2mln and $5mln.

General Director of “ProCredit Bank” Bertolt Hertzfeldt noted that “the additional funding will allow us helping a greater number of small enterprises and assisting their development”.