Boyadjian and Associates introduces soft loan program for financing of sustainable projects in Syria

Mr. Vatche Boyadjian, the managing Director of Boyadjian & Associates, said:

"We are pleased to introduce a new financial product designed specially to the Syrian market during our participation of the Project AlBasek 2009 exposition on 7 to 11 October in Damascus."

"The Syrian public and private sectors have the possibility now to finance their sustainable projects on concessional terms using soft loans with 1% interest rate for a duration of up to 16 years and interesting grace periods. The projects must be concluded within 2009-2010, must be sustainable and have social component for the benefit of the population. Typical projects are health, water treatment, education and public transport," Mr. Boyadjian explained.

Mr. Boyadjian added, "The projects must fulfill certain requirements in order to be eligible for the soft loan financing. During our participation in the Project AlBasek 2009 exposition on 7 to 11 October in Damascus Members of Boyadjian & Associates team will be on hand to meet with clients and answer questions regarding this new financial product."

"Despite the financial crisis, Boyadjian & Associates is committed to the development of the region, and is always providing its clients with innovative financial solutions with the best conditions. With this new financial product, specially designed to the Syrian market, we are sure that projects benefiting from this soft loan terms and conditions will foster economic growth and consequently contribute to the sustainable development of the Syrian republic," said Mr. Boyadjian.