Categories: Finance

New business lending product from Converse Bank

Converse Bank has started private sector financing in cooperation with the European Investment Bank.

The new product is designed for the RA resident micro, small and medium enterprises, and as well for large companies with average capitalization engaged in agriculture, food processing, tourism and manufacturing, as well as for exporters.  The projects offered for financing should not entail environmental risks.

The maximum loan amount is AMD 1.5 B with 90-month maturity and an option of 30-month grace period for principal.  No processing, encashment and origination fees are applied.

The financing can be used for acquisition of fixed assets and replenishment of working capital.

Unless the applicant meets the crediting requirements of the European Investment Bank, Converse Bank will discuss other methods of financing with the applicant.

For the terms and conditions, click here

Converse Bank is supervised by the CBA.