Newsfeed

Armenian archaeologists promise to up-end concept of early humans' migration

Armen Martirosyan: Parliament's non-governmental 'troika' anticipating ARFD's return after 10 October

Hakob Andreasyan: Current reforms are as important as those conducted in privatization period

"SIP Talk"- calls to local and international destinations via fixed phone line at affordable tariffs

In 2015 Ameriabank intends to increase its corporate lending portfolio to 520 mln USD and retain leadership in Armenia's banking system

Anelik Bank issues Simple Fast Auto card loan

Hakob Andreasyan: We try to ring-fence farmers from untypical risks

Rustamyan: ARFD's refusal to take part in parliamentary opposition's rally does not mean refusal to cooperate with the forces

RPA members hold confidential meeting

ARFD 'throws up its cards' - it seems the parliamentary four is becoming a three

Heritage Party puts into circulation Armenian Parliament's Bill suggesting official recognition of Nagorno Karabakh Republic

Lydian International Limited plans initial $426 million investment in Amulsar gold project in Armenia in 2015-2016

Orogen Gold raised 1,125,000 pounds through the placing of 1,022,727,272 ordinary shares at LSE

Air France cancels its flights to Armenia due to a strike

Parcels from U.S. do not reach Armenia

Armenian and Polish Foreign Ministers hold political consultations

This year's Viktor Ambartsumian International Prize to be awarded in Yerevan Sept 17

Levon Zurabyan: By regularly changing its Constitution, Armenia is beginning to resemble "banana republics"

A member of the parliament from ARFD calls to listen to the viewpoint of the 124 year old party and take part in the constitutional reforms

2,000-year-old frescoes found in territory of Greater Armenia

Ruben Hakobyan voices the conditions in case of which Heritage party will support Constitutional reforms

Archeologists find an old tomb of a high-class man on the side of Mount Aragats

Seyran Ohanyan: The countersabotage systems set at the borders of Armenia and Karabakh

OSCE MG U.S. Co-Chair: A big window has emerged in the Karabakh peace process

Eduard Sharmazanov: World community must strongly condemn destruction of Armenian cultural and historical heritage in Turkey and Azerbaijan

President of Armenia promises with a problem of citizens deceived by Tonus company and respond in two days

Head of Armenian Parliament's Committee for State and Legal Affairs to present Karabakh frontier guards with night vision devices

Edward Sharmazanov: Anakara's inefficiency is a linchpin in the matter of ensuring security in Europe

Edward Sharmazanov: Azerbaijani provocations imperil stability of the entire Black Sea region

ECHR demands explanations from Baku over refusal to repatriate body of Armenian captive Karen Petrosyan

Russian expert: The resolution of the Basque Provinces is a logical continuation of the lobbyist line on recognition of the statehood of Nagornyy Karabakh

INECOBANK offers SMEs easy loans with holidays on interest

  • Wednesday, June 25, 03:11

Within the frames of the Easy Loans campaign, INECOBANK offers the SME borrowers to switch from other banks to INECOBANK and to get holidays on interest.   

The press service of the Bank has told ArmInfo that the campaign will be launched on 1 July 2014 and will last till 31 Dec 2014. This offer gives SMEs an opportunity to ease their loan burden by reducing the amount of their monthly payments and making use of the lending terms. The borrowers filing their applications before 31 July 2014 will get holidays on interest. In other words, in July and August they will be exempted from interest payments and all the summer payments will be put off till September 30. The Bank will cover the loan-related expenses (securitization) in case the repayment periods are put off. 

"A survey of the customer demand has shown that the changes in the situation in the SME market, particularly, the decline in the sales has raised the loan debt burden and the need to reduce the amount of monthly payments has arisen. Our option allows refinancing old loans upon new terms. Considering seasonal economic recession in July-Aug, we have decided to give our customers a month's respite and to allow them to pay their dues till Sept 30 when their revenues resurge. This serves both their and our interests," says Deputy CEO of INECOBANk Aram Baloyan.

According to ArmInfo's Rating of Banks of Armenia, as of Apr 2014 INECOBANK's loan book totaled 89.2bln AMD (8.5% bigger than on Apr 1 2013), of which 51.2bln or 57.4% AMD was lent to SMEs (11.2% more than a year before). 

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields
Video of the day
Fire burning car in the yard

More

Classifieds

Help in searching for missing rare breed dog "malamute".

A. Shiboyan asked the Arminfo Editorial to help her in searching for her missing rare breed dog "malamute".