Yerevan/Mediamax/. Armenian Development Bank announced greater availability of credits, issued to small and medium enterprises and private entrepreneurs.

Mediamax was informed in Marketing Department of the bank that credits are provided at the annual interest rate of 10% with 7 years’ repayment term and a period of grace of up to 21 months, in the course of which the borrower will only be repaying for the interest sums.

The bank noted that credits are issued for expansion of the current businesses, replenishment of circulating assets, acquisition of fixed assets and realization of capital investments.