Yerevan /Mediamax/. On December 1, “Armeconombank” started providing “Easy Credit” service in Tavoush marz of Armenia.

As Mediamax was told in the press service of the bank, the service provides for allocation of no-pledge credit at the sum of up to 1.5mln, insured by the third side and directed to micro and small enterprise development.

“Easy Credit” service is provided in 19 out of 46 branches of the bank. In 2009, “Armeconombank” plans to implement the service in 11 more branches.

The bank’s press service noted that over 1000 credits at the total sum of over $5mln have already been provided through this service.