Yerevan /Mediamax/. Central Bank Board of Armenia registered and licensed “SME Investments” universal lending agency on August 7.

Mediamax informs that the new lending agency deals with disposition of those part of funds from Russian stabilization loan (total volume is $ 500mln), which was decided to direct at loaning of small and medium enterprise by the government of Armenia.

On July 2, Prime Minister of Armenia Tigran Sargsyan said that positive influence of Russian loan on Armenian economy will become appreciable to a greater degree in 2010 and in a less degree in III and IV quarters in 2009.

On June 26, the government of Armenia approved loaning program on stabilization of economy at the expense of Russian stabilization loan funds. The program provides budget loans on the following directions: loaning of financial-banking system, 60.5bln AMD; small and medium enterprise loaning, 6.4bln AMD; loaning of backbone enterprises, 23.1bln AMD.