AraratBank reduces loan interest rates for around 400 reliable SME customers
SOCIETY
Around 115,000 micro, small and medium-sized enterprises operate in Armenia, expanding their businesses and creating jobs due to access to financing. AraratBank remains committed to supporting SME businesses by providing financing solutions to reliable companies that contribute significantly to the country’s economic development.
As part of its ongoing support for small and medium-sized enterprises, the bank has decided to reduce the annual interest rates on existing loans by 1 percentage point for a number of SME customers.
The decision to revise interest rates applies to around 400 of AraratBank reliable SME customers.
With this decision, the Bank aims to ease the financial burden on SME customers, encourage business activity, and create more favorable conditions for their ongoing operations and future growth.
AraratBank has consistently prioritized the financial stability and sustainable growth of SME businesses. As part of this approach, one of the Bank’s recent initiatives was a business loan campaign, which attracted significant interest from the business community due to its favorable and flexible terms.
The Bank will continue to introduce similar initiatives aimed at offering the SME sector more accessible, flexible, and attractive financing solutions.
To learn more about business financing terms, visit any branch of AraratBank, its official website, or call at +374 10 59 23 23.
AraratBank is regulated by the Central Bank of Armenia.
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