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Society

AraratBank rolls out a new business loan in foreign currency

AraratBank, consistent with its customer-centric policy and in view of the demand for low-interest loans, kicks off a new credit offer for both small and medium-sized enterprises and major customers.

Foreign currency loans will be provided in the minimum amount of USD/EUR 50,000, with a maturity of up to 36 months and an interest rate starting at 7% per annum for USD-denominated loans and at 6% per annum for EUR-denominated loans

Business loans shall be provided within the scope of the special offer — effective until April 28 of this year — for replenishment of working capital, repayment of accounts payable, acquisition of fixed assets, covering capital expenditures and current expenses․

"Build a business that works - this type of loan relies on the vision of business development and effective planning. Business succeeds through targeted decision-making and sustainable partnership. This foreign currency business loan provided under competitive terms is yet another solution designed for the promotion of business guided by the logic of market development and consumer satisfaction," said Karen Davtyan, Head of Corporate Business Lending Department of AraratBank.