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YEREVAN. – Ardshinbank signed a US $10 million loan agreement with the World Business Capital (WBC) on June 30, 2016, under the guarantee of the U.S. Overseas Private Investment Corporation - OPIC. T

he funding will be channeled to finance Ardshinbank’s small and medium-sized enterprise (SME) clients.

Under the project, Ardshinbank will extend loans to its SME customers with rates starting from 11% and a tenor of up to 10 years.

World Business Capital is a commercial finance company, which provides loans to support SMEs globally.

The Overseas Private Investment Corporation (OPIC) is the U.S. Government's development finance institution, which supports US private investments in more than 160 countries in the world.

Ardshinbank is among the leaders of the banking system of Armenia and has one of the broad sales network comprising of 55 branches. Ardshinbank is the only private entity in Armenia that issued Eurobonds in the international financial markets and has ratings from two international major rating agencies (Moody’s and Fitch) equal to the rating of Sovereign.

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