The new IDBank offer for companies

YREVAN, JULY 1, ARMENPRESS. IDBank offers loans to companies in AMD at advantageous conditions within the framework of cooperation with the EIB – European Investment Bank.

The commercial loan is intended for the purpose of obtaining funds for the development and promotion of the following sectors:

  • Agriculture,
  • processing of agricultural products,
  • tourism,
  • export,
  • industry.

Loan funds can be used by legal entities registered in the Republic of Armenia, individual entrepreneurs, who have been operating in the above-mentioned fields for at least 6 months.

By joining the third credit program “Private Sector Financing” of the European Investment Bank, IDBank offers loans ranging from 5 million AMD to 500 million AMD, moreover, according to the business plan, the loan can exceed the amount mentioned. Loans are granted for a maximum period of 90 months with a grace period of up to 30 months. The annual nominal interest rate of the loan is 8-9.5% and the maximum real interest rate is 9.5%.

You can find the terms and conditions of the loan application here.

Find all the opportunities offered by IDBank for companies here.