In September 2013, OeEB provided USD 10 million for supporting small and medium enterprises (SME) in Armenia.
|Project name||Inecobank Armenia|
|Sector||Financial sector / Microfinance / SME|
|OeEB project volume||USD 10 million|
The credit line improves SME's access to long-term financing which helps secure existing jobs and create new jobs. This makes a substantial contribution to the economic development in Armenia.
SME financing is one of the main business areas of Inecobank.