ARARATBANK attracted credit facilities for SME lending

ARARATBANK and DEG‑DEUTSCHE INVESTITIONS‑ UND ENTWICKLUNGSGESELLSCHAFT MBH development finance institution entered into a loan agreement worth USD 10 000 000. 

The loan has been disbursed with a maturity of 7 years and will focus on SME lending. This cooperation will enable the Bank to increase lending to small and medium enterprises.

It is due of mention that DEG‑DEUTSCHE INVESTITIONS‑ UND ENTWICKLUNGSGESELLSCHAFT MBH is a subsidiary of KfW Group and finances private sector investments in developing countries and countries in transition.