Yerevan/Mediamaks/. Ardshininvestbank received the first credit tranche of $3 mln under the $15 mln loan agreement signed with the Asian Development Bank at the beginning of December 2011.

The funds will be used for financing small and medium-sized enterprises (SMEs), and the remaining $12 mln will be utilised for lending to SMEs by the bank during 2012, bank\'s press-service informs.

Mher Grigoryan, Chairman of the Management Board of Ardshininvestbank, stated that loans will be given out with the interest rate from 12% per annum with a tenor of up to 5 years.