Founded in 2013, SAV group set out to bring more modern and efficient solutions to the lavash production market. After studying market demand and the needs of manufacturers, the company developed its own technological approaches and built proprietary equipment that is now in demand.
One of SAV group’s distinctive solutions is its “two-in-one” model, which makes it possible to produce both lavash and bakery products at the same time. The company’s specialists are currently working on new projects aimed at further improving production efficiency.
Financial support has played an important role in implementing the company’s development plans and expanding its production capacity. To purchase new equipment and support business growth, SAV group used Converse Bank’s Converse SME and Converse Leasing financing solutions.
According to the bank, financing under Converse SME is available in amounts of up to AMD 250 million or the equivalent in foreign currency, with repayment terms of up to 180 months. Under Converse Leasing, financing is available up to AMD 1 billion or the equivalent in foreign currency, for terms of up to 84 months.
SAV group says it expects Converse Bank to remain a reliable partner through the next stages of development, supporting the company’s growth and expansion plans.
Converse Bank is supervised by the Central Bank of Armenia.
