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THE GERMAN BANK ALLOCATES CREDITS OF 5.1 MLN. EURO

Economy

In the framework of the small and medium enterprises support project the Germany Government will allocate credits of 5.1 mln Euro to Armenia through the KFW bank. The covenant was signed by the newly-appointed ambassador of Germany in Armenia Hans Wolf Bartels and the Central bank chairman Tigran Sargsyan.

The credit will be allocated for 40 years for the 0,45 rate of interest. The Central bank will allocate the 5.1 Euro to the small and medium owners through the "Anelik", "Haygyughpokhbank", "Agrobank" and "Hayeconombank" banks.