Yerevan/Mediamax/. “VTB Bank (Armenia)” announced reduction of interest rates for small enterprise crediting in AMD by 3-4%.

Since November 15, 2010, and up till March 1, 2010, the bank will provide credits for small enterprises at the annual interest rate of 14%, if the borrower is registered or if the main activity of their business is located in Yerevan; and 13% interest rate is meant for borrowers from outside the capital.

Credits are provided for the term of up to 5 years at the sum of 4-60mln AMD.

According to “VTB Bank (Armenia)” standards, customers of small enterprise are private entrepreneurs and legal entities, the annual revenues of which do not exceed 1bln AMD.