Ararat Bank will start distributing loans from March 26 to June 26. The total loan amount is 5 million USD, and there will be 200 loans in total. Each loan has a nominal value of 25 USD and a term of 48 months. The annual interest rate is 5.75%, and the payment terms are monthly.

Once the distribution process is complete, the loans will be included in the AMX Fund of Armenia list. According to Sevak Manukyan, the CEO of Ararat Bank Investment Services, this is beneficial as the loans are highly liquid and can be sold in the bank’s secondary market or through other brokers at any time.

In addition to the loan distribution, Ararat Bank will also be opening new bank accounts in USD for new clients. These accounts will not have a one-year service fee. Furthermore, accounts for securities (DEPO) will also be available without storage fees.

If you want more information about the issuance of dollar-denominated bonds by Ararat Bank on the 27th, you can find it here.

News from Armenia – NEWS.am