Araratbank has signed a $ 10 million loan agreement with German DEG-Deutsche Investitions- und Entwicklungsgesellschaft mbH German Investment Company.

This loan, according to the bank's report, will allow Araratbank to increase the financing of small and medium-sized enterprises and to provide long-term resources. $ 1mln from credit funds will be directed to German companies operating in Armenia.

The German Investment Organization DEG is a member of the KfW banking group and is financing private companies in emerging and developing countries.

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