Armenian Economy Development Bank OJSC( hereinafter  ARMECONOMBANK OJSC) has signed MSME loan agreements for the amounts of USD 10 mln and USD 5mln equivalent in AMD with BlueOrchard Finance S.A. and Symbiotics S.A. respectively.

ARMECONOMBANK OJSC will direct the funding for financing and developing Armenian MSMEs.

Support of Armenian MSME remains the priority in the Bank’s strategy.

ARMECONOMBANK OJSC is one of the oldest universal commercial banks in Armenia. The Bank is represented in all the regions of the whole country and operates through its 52 branches. The Bank is mainly focused on MSME and retail businesses.