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GYUMRI, Armenia – Unibank participated in the ‘Banks and Business in Gyumri’ expo, an event organized by the Union of Banks of Armenia to foster economic development in the Shirak region. During the exhibition, the bank showcased a range of tailored financing and digital payment solutions designed to support local small and medium-sized enterprises (SMEs).
Focus on Business Financing
At the bank’s pavilion, visitors explored various business lending and refinancing options. Artak Simonyan, Head of Unibank’s Business Lending Analysis and Support Department, highlighted the ‘Micro Express’ loan product, which offers up to 15 million AMD in unsecured funding. A key feature of this product is its rapid pre-approval process, which takes only five minutes.
Furthermore, entrepreneurs can refinance existing business loans at Unibank with interest rates starting at 8.5% for terms up to 10 years, with the possibility of receiving up to 50% in additional funding. The bank also introduced a ‘Simplified’ business loan, which is provided without the requirement of a formal financial analysis.
Digital Payment Innovations
Romik Hovakimyan, Director of Corporate Commission Business and Deposit Development at Unibank, presented new technological tools for businesses. These include a device that combines POS terminal and cash register (fiscal) functions, enabling enterprises to accept card payments and issue fiscal receipts simultaneously.
Additionally, the bank showcased UniLink, a service allowing businesses to accept card payments online without the need for their own website or mobile application. The seller generates a payment link and sends it to the customer via SMS, email, or social media. This solution is particularly beneficial for remote sales, delivery services, and pre-orders.
Regional Development Perspective
Davit Arushanyan, Governor of the Shirak Province, attended the event and underscored the vital role of financial support in regional development. ‘I can confidently say that behind every successful business stands its bank,’ Arushanyan noted.
The expo was followed by a conference titled ‘Armenia’s Economy Beyond Yerevan,’ where participants discussed prospects for economic development in the regions, improvements to the business environment, and initiatives aimed at stimulating investment.
Source: https://banks.am
