Yerevan /Mediamax/. European Bank for Reconstruction and Development (EBRD) will participate up to 50% co-financing of HSBC CJSC business loans, which will be issued to large corporate borrowers.

Mediamax was informed in the press service of HSBC Bank Armenia, co-financing will be implemented within the framework of agreement, signed between European Bank for Reconstruction and Development (EBRD) and HSBC Bank Armenia for the total sum of $10 mln.

"The deal highlights the growing partnership between EBRD and HSBC in identifying growing business opportunities and deepening relationships with established, well performing clients", the report of the bank reads.

Lending portfolio of HSBC Bank Armenia makes $103mln.