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European banks to allocate credits to Armenians
The Presidency of the Forum of Armenian Associations of Europe (FAAE) has put forward an initiative: to start programs, under which European financial institutions will allocate credits at low interest rtes with the aim of assisting businesses in Armenia.
"By contrast with high interest rates of the Armenian banking system, the programs will give an opportunity to get credits from European banks at annual interest rates of at least 5-6% for a period of 5-8 years and over.
One can get acquainted with the terms of crediting at the Head Office of the FAAE in Yerevan and Bratislava," a press release of FAAE says.
