Yerevan/Mediamax/. “Inecobank” will receive $ 5 million loan from “BlueOrchard Finance SA” international organization.

As Mediamax was told in “Inecobank” press service today, within the framework of the agreement signed in Yerevan today, the loan will be provided in Armenian currency and will be directed to the financing of micro and small business.

The bank already received $ 7 million loan from BlueOrachard Finance SA in 2010.

“The signing of another agreement, aimed at the development of micro-financing, is the result of effective and committed work of the bank. It reinforces our cooperation with the reliable partner,” “Inecobank” Executive Director Avetis Baloyan stated.

This year, “Inecobank” plans to expand the framework of international cooperation and realize new programs aimed at the financing of micro and small business and the sphere of renewable energy saving.