For the sustainable growth of agricultural businesses, Armeconombank offers the ARMAT loan product.

The bank reported that it is a convenient and accessible financing option for individuals and sole proprietors who are looking for an agricultural loan without collateral and with a flexible repayment schedule.

The loan is issued within a maximum of 3 working days.

Main Loan Terms:

Loan Currency	AMD	USD
Loan Amount	300,000 – 3,000,000	700 – 7,000
Annual Nominal Interest Rate (6–12 months)	14.5%	12.5%
Annual Nominal Interest Rate (13–48 months)	16%	14%
Annual Effective Interest Rate	18.49% – 23.51%	16.20% – 21.21%
Loan Term	6 – 48 months	6 – 48 months

To obtain the ARMAT loan, customers can apply at Armeconombank branches located in Ashtarak, Ararat, Armavir, Artashat, and Echmiadzin.

The branch addresses and working hours are available here.


“Armeconombank continues to uphold its strategy of addressing the real needs of the economy by offering products and services that build a foundation for long-term economic development,” the news release reads.

Armeconombank is supervised by the Central Bank of Armenia.