Armeconombank and Dual Return Fund S.I.C.A.V. of the Grand Duchy of Luxembourg managed by Swiss investment company Symbiotics Asset Management SA., signed another USD 5 million loan agreement.

The bank said the agreement is aimed to finance micro, small and medium enterprises (MSMEs) in Armenia.

The cooperation between the bank and Symbiotics Asset Management SA has started since 2016, and more than 10 loan agreements equivalent to USD 55mln have been signed between the parties so far.