Yerevan/Mediamax/. During the annual meeting of European Fund for Southeast Europe (EFSE) in Tirana, ARARATBANK Executive Director Ashot Osipyan and Chairman of EFSE Board of Directors Klaus Glaubitt signed a new $10mln loan agreement for financing Armenian small and micro business.According to Osipyan, this is already the second program realized jointly with EFSE.“Already today, the cooperation of the bank with such a competent partner may be described as successful. Since October 2010, when the $5mln loan agreement was signed, we have on-lent funds to micro and small businesses for approximately 110 credit projects,” ARARATBANK Executive Director noted.The volume of credit investments of ARARATBANK in 2010 grew by 57%, and in the first quarter of 2011- by 15%. Tweet Views 5928