Wednesday, January 13 2010 14:59

Ameriabank to attract credit from DEG and FMO to $30 million


ArmInfo. Ameriabank completed negotiations with the companies of FMO (Nederlandse. Financierings-Maatschappij voor. Ontwikkelingslanden N.V.) and DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH) on attraction of debt financing. In particular, the bank will attract credit from these companies to the sum of $30 mln, $20 mln of which will be directed to the business crediting, and $10 mln - to crediting of small HPPs or wind plants. As Ameriabank's press service told ArmInfo, the credits will be provided at the cost of these funds for a longer repayment period than the market one.

According to the source, the business-credits will be issued to the companies with annual turnover within 5 mln - 5 bln drams and having up to 250 employees. One business-credit may reach $1.5 mln, and to $5 mln - in the sphere of renewable energy. The resources being expected from such bog international structures as FMO and DEG will much contribute to successful implementation of credit programmes by Ameriabank, the message says.


To note, as of October 1, 2009, the credit portfolio of Ameriabank made up 45.2 bln drams ($117.7 mln), or 48,6% of the bank assets which made up 93 bln drams ($242.1 mln) as of this date. The bank's strategic partner is Troika Dialogue Group of companies, one of the biggest investment-banking companies in Russia. TDA Holdings Limited, affiliated with Troika Dialogue, with 99,9% equity capital, is the majority shareholder of Ameriabank.