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OIL:  BRENT - 41.63-3.52 WTI - 39.57-3.44
COMEX:  GOLD - 1916.70-2.06 SILVER - 24.81-7.94
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FOREX:  USD/JPY - 104.52+0.15 EUR/GBP - 1.1766-0.75
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September, 2020
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Converse Bank offers "Bridge" short-term SME lending product
31/05/2019 20:49

Converse Bank offers "Bridge" short-term SME lending product

Converse Bank offers the “Bridge” product, allowing SMEs operating in different  spheres to receive up to 12 months lending for replenishment or short-term liquidity financing. Lending is provided in three currencies – AMD, USD and EURO.

“Bridge” loan is one of the best short-term financing tools for small and medium-sized enterprises, which differs from similar offers in the market, first of all, with flexibility. It allows the customer to plan the revenue and, accordingly, select the repayment period. The shorter it is, the lower the interest rate. In case of full repayment of the sum in the first quarter, the annual interest rate is 10% in AMD, 6% in USD and 5% in Euro.

After lending, the customer may wish to extend the repayment period up to 48 months.

It was also mentioned that at the initial stage of lending no visit to Converse Bank is required. The required consultation will be provided by the Bank employees within the framework of their visit to SME.

Further details are available at https://www.conversebank.am/en/BRIDGELOAN/

Converse Bank offers "Bridge" short-term SME lending product 1

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AMD Rates
10:50 22/09 Buy Sell
AMD / USD 484.50 487.50
AMD / EUR 568.00 574.00
AMD / RUR 6.34 6.48
dollars
dollars
CBA Rates
18/09/2020
USD / AMD
485.26
+0.86%
EUR / AMD
574.98
+3.39%
RUR / AMD
6.46
+0.00%
GBP / AMD
629.67
+1.21%
Cryptocurrencies
10:50 22/09
BTC/AMD
5,056,870
-4.85%
BTC/USD
10420.95
-4.85%
ETH/USD
342.06
-8.72%
BCH/USD
213.34
-6.11%
XRP/USD
0.23
-8.00%
LTC/USD
43.40
-8.98%
ETH/BTC
0.03282390
-4.07%
BCH/BTC
0.02047231
-1.32%
XRP/BTC
0.00002231
-1.02%
LTC/BTC
0.00416466
-4.34%
CBA Metals
18/09/2020
dram / gram
Gold
30208.35
-344.37%
Silver
417.26
-9.15%
Platinum
14665.38
-456.80%
FOREX
08:05 22/09
EUR/USD
1.1766
-0.75%
GBP/USD
1.2819
-0.93%
USD/JPY
104.52
+0.15%
EUR/GBP
0.9178
+0.20%
Oil
08:05 22/09
$ / barrel
Brent
41.63
-3.52%
Light Sweet
39.57
-3.44%
COMEX
08:05 22/09
$ / tr. oz
Gold
1916.70
-2.06%
Silver
24.81
-7.94%
Platinum
891.20
-4.46%
LME / 3M
08:05 22/09
$ / tonne
Aluminium
1785.50
+0.00%
Copper
6801.00
+0.00%
Nickel
14963.00
+0.00%
Tin
18160.00
+0.00%
Lead
1917.50
+0.00%
Zinc
2530.00
+0.00%
Molybdenum
18629.00
+0.59%
Cobalt
34200.00
+0.00%
Indexes
08:05 22/09
point
Dow Jones
27147.70
-1.84%
S&P 500
3281.06
-1.16%
NASDAQ
10778.80
-0.13%
FTSE
5804.29
-3.38%
CAC 40
4792.04
-3.74%
DAX
12542.44
-4.37%
RTSI
1181.24
-3.86%
Nikkei
23360.30
+0.18%
Topix
1646.42
+0.49%
Hang Seng
24455.41
+0.47%
SSEC
3338.09
+2.07%
CBA Interest Rates
26/03/2020
Refinancing
Refinancing Rate
4.25
+0.00%
Lombard Repo
Lombard Repo Rate
5.75
+0.00%
Deposit
Deposit Rate
2.75
+0.00%
Macroeconomy
03/2020
CEA
Coefficient of Economic Activity
+8.90%
Ind. Prod. 3
Volume of Industrial Production
585.21
+4.20%
Export 1
Export
692.5
-8.10%
Import 1
Import
1,323.4
-11.50%
CPI
Consumer price index
+0.1
Avg. Salary 2
Average salary
191,623
+9.30%
Services 3
Volume of services
585.44
+0.1%
Construction 3
Volume of construction
54.03
-21.9%
1 - mln AMD, 2 - AMD, 3 - bln AMD