Ardshinbank Launches New Toolkit on sme.ardshinbank.am Platform for SMEs

Ardshinbank announces the launch of a new toolkit on its sme.ardshinbank.am platform, offering small and medium-sized enterprises a more convenient, faster, and accessible way to obtain necessary financing.

Today the sme.ardshinbank.am platform provides all the tools needed to ensure the normal operation of business. Without visiting the bank, you can open an account in just a few steps, order a card, and register a POS terminal—for your business’s daily payments.

The new digital tool allows submitting a credit application entirely online—without visiting the bank. The solution is designed to support enterprises in expanding their operations, replenishing working capital, acquiring fixed assets, financing current needs, as well as refinancing obligations.

The offer is intended for LLCs registered in the Republic of Armenia operating in the SME sector, as well as for individual entrepreneurs.

Main loan conditions:

• Amount: 1–15 million AMD or 2,000–50,000 USD / EUR

• Term: 12–60 months

• Grace period (on principal): up to 12 months inclusive

• No fee for application review and loan disbursement

• Annual nominal interest rate: AMD — 16%, USD — 14%, EUR — 12.5%; actual interest rate — 13.26%–17.36%

• Loan repayment schedule: annuity

How to submit an automatic loan application: the steps are very simple. Simply visit sme.ardshinbank.am, register, select the “Automatic Loan” section, specify the amount, currency, sector of activity, and fill in the necessary data. Note that Ardshinbank also offers refinancing of business loans—on more favorable terms when transferring business loans from other banks or credit organizations to Ardshinbank.

“Our goal is to provide entrepreneurs with modern and convenient financial tools. The launch of new tools on the online business loan platform aims to increase the accessibility of banking services and promote the sustainable development of the SME sector in Armenia. We are confident that our customers will highly appreciate this new solution,” stated from the bank.

About Ardshinbank

Ardshinbank is Armenia’s leading bank. It provides a wide range of universal banking services, offering solutions in retail, corporate, investment, as well as private banking and asset management. Ardshinbank is the only Armenian company rated by all three of the world’s leading rating agencies: Standard & Poor's (BB- (Stable)), Moody’s (Ba3 (Stable)), and Fitch (BB- (Stable)). Ardshinbank’s rating is equal to that of the Republic of Armenia itself, which represents the highest possible assessment for a private institution in the country.