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Medicinos Bankas Approves the First Credit According to the Ministry of Economy and INVEGA Tender

Yesterday Medicinos Bankas approved the first credit of LTL 86 000 from the LTL
2 million fund allocated by the Ministry of Economy and Investicijos ir Verslo
Garantijos UAB (INVEGA) for small credits.


The credit is granted to Baltic Metalglass UAB, which manufactures mirrors,
glass products, metal constructions and their parts.


‘It is great that in these tough economic times the initiative of the Ministry of
Economy is already starting to yield tangible results: small business can get
exceptionally good terms on their loans,’ says the company’s director Arūnas


Medicinos Bankas will invest 16 per cent of its own funds in this programme. The
maximum margin of the bank applied to the credits in the first two years should not
exceed 5.6 per cent.


Small and medium-sized entities are welcome to contact the bank regarding micro
-crediting already now.

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