Converse Bank started to provide agricultural loans under state subsidy. On February 7, memoranda were signed with the Ministry of Agriculture and Rural Economic Development Programs. This was reported by Converse Bank press service.

"SME financing in Armenia, including agriculture, is one of the priorities of Converse Bank. This cooperation enables Converse Bank to expand the list of offered products and make financing available to beneficiaries as much as possible. Particularly, within the framework of cooperation, current and new customers of the Bank can receive loans for the introduction of hail-protected networks and drip irrigation systems, with a 5% annual interest rate, "said Rostom Badalyan, Director of Corporate Business Department of Converse Bank, adding that loan products are already available in all branches of the Bank.

Loans will be provided to individuals and legal entities, including cooperatives and sole proprietors.

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