AraratBank Unveils Promotional 9.9% SME Loan Offer in Gyumri
The Union of Banks of Armenia has hosted its regional conference for the fourth time, creating a forum for dialogue between the business community, banking professionals, and government officials.
This year’s conference took place in Shirak region, home to a variety of industries, from textile manufacturing to a growing technology ecosystem.
At the “Banks and Business in Gyumri” expo, AraratBank showcased a range of products tailored to the practical needs of SME customers. These included a promotional business loan in AMD at 9.9%, an unsecured business loan, a trade finance loan, and AraratLeasing.
“Since the hotel’s establishment, we have maintained a close working relationship with AraratBank and continue to rely on the Bank as our trusted partner. We value AraratBank not only for its banking services, but also for its ongoing support and advice on growing our business,” said Torgom Gevorgyan, Director of Aivazovsky Hotel and a client of AraratBank.
The panel discussion, titled “Armenia’s Economy Beyond Yerevan,” aimed to highlight the key challenges facing SMEs in Shirak region while exploring opportunities to expand access to financing for regional businesses.
“We see strong potential for growth in the service and manufacturing sectors across Armenia’s regions. AraratBank’s extensive branch network allows us to stay close to local businesses. With three branches in Gyumri, we are able to support businesses in Shirak region with financial products and solutions tailored to their needs,” said Karen Sargsyan, Corporate Business Director at AraratBank. He emphasized the importance of promoting business development both in Yerevan and in the regions, highlighting the Bank’s commitment to the balanced distribution of its loan portfolio across the capital and the regions.
“We continue to offer competitive financing options to our customers. Until December 15, companies and individual entrepreneurs can apply for our special business loan, with amounts ranging from AMD 20 million to AMD 1.5 billion and repayment terms of 2 to 10 years. The loan features an attractive annual interest rate of just 9.9% for the first 12 months,” said Hakob Ghazaryan, AraratBank’s Gyumri Branch Manager.
AraratBank’s unsecured business loans of up to AMD 10 million are also popular in Gyumri, especially among microbusinesses. The Bank also offers trade finance loans at attractive interest rates, primarily designed for importers seeking short-term financing. Through AraratLeasing, businesses can acquire vehicles and equipment without providing additional real estate collateral.
AraratBank’s participation in regional conferences reflects its commitment to providing SMEs with accessible and flexible financing.
AraratBank is regulated by the Central Bank of Armenia.