Ardshininvestbank received the second credit tranche of USD 5.0 million under the Loan agreement for USD 10.0 million signed with the American company “World Business Capital” (WBC) on 14th March, 2013, guaranteed by the U.S.

Government's Development Finance Institution OPIC (The Overseas Private Investment Corporation), Mediamax was told in the bank.

The first tranche in an equal amount of USD 5.0 million has been successfully utilized by the Bank.

According to the information received from the Bank, like in case of the first tranche, these funds will be channeled to financing small and medium-sized enterprises (SMEs), as the Bank’s main target group.

Mher Grigoryan, Chairman of the Management Board of Ardshininvestbank, emphasized: “Actually, the whole branch network of the Bank will be involved in this process, providing sub-loans with the interest rate from 10% per annum and a tenor of up to 5 years.”