Yerevan/Mediamax/. “Armeconombank” OJSC concluded an international financing memorandum with Asian Development Bank (ADB) today.

Head of “Armeconombank” Board of Directors Armen Naljyan assessed the signing of the memorandum as another evidence of the bank’s effective cooperation with international financial organizations, which expands the bank’s capacities in terms of financing the activity of export-import companies in Armenia.

The memorandum provides for provision of bank guarantees and letters of credit to “Armeconombank” customers in order to contribute to international trade.