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Converse Bank launched business lending within the framework of project implemented by the European Investment Bank


Converse Bank, in partnership with the European Investment Bank (EIB), offers competitive lending products under the Private Sector Financing Program. Entrepreneurs in the fields of agriculture, agricultural processing, tourism and industry can apply for loans aimed at replenishing assets and/or working capital. Funding is also provided for export promotion.

The loan funds can be used by RA resident legal entities and individual entrepreneurs who have been operating in the mentioned spheres for at least 6 months.

The loan amount can start from AMD 5 million, up to AMD 500 million, but, depending on the business project, the loan amount can be larger. The maximum loan term is 90 months, with a grace period of up to 30 months to repay the loan principal.

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