YEREVAN, DECEMBER 4, NOYAN TAPAN. The European Bank for Reconstruction and Development (EBRD) will provide a 5 million dollar-loan to Inecobank for financing Armenian Small and Medium Entrepreneurship (SME). NT was informed from EBRD that the bank will also increase by 1 million USD the technical assistance provided to Inecobank under the Trade Financing Program, which is being implemented with the USAID by the jointly established Multilateral Donor Financing Fund. These resources will be used to develop the crediting procedure and skills at Inecobank. Inecobank and EBRD has cooperated since 2005 when the Armenian bank received its first loan of 1 million USD from EBRD with the aim of extending the capacities of servicing small and medium enterprises.

---