BSTDB Boosts Support for Small Business in Armenia

News | 03-Nov-2015

The Black Sea Trade and Development Bank (BSTDB) extended a USD 5 million SME Loan Facility to the Armenian Inecobank.   The proceeds of the loan will help promote the development of small- to medium-sized enterprises (SMEs), a key business sector of the Armenian economy.  The operation builds up on the successful partnership between BSTDB and Inecobank, established in 2007.

Inecobank, one of the leading Armenian banks, offers services in all segments of the market through its network of branches throughout the country. Inecobank has developed good experience in SME lending area under credit lines provided by international financial institutions.