Ameriabank signs 25 mln USD syndicated loan agreement with FMO and OeEB for financing of SME and renewable energy

ArmInfo. Yerevan. Ameriabank signed a 25mln USD syndicated loan agreement with Netherlands Development Finance Company (FMO) and Development Bank of Austria (OeEB). As the bank's press-service informed ArmInfo on November 27, these funds are aimed at crediting small and medium businesses, financing of renewable energy and projects of energy efficiency. Small and Medium Enterprises ensure 40% of Armenia's GDP and play a very important role in the development of the country's economy, the bank's press service says.  Within the framework of cooperation with international authoritative structures Ameriabank attracted funds amounting to 345 mln USD.

According to the Financial Rating of Armenian Banks prepared by ArmInfo News Agency, as of October 1, 2015  Ameriabank retains leadership in lending (290.2 bln AMD, 40.1% yoy growth) and lending to economy sectors of Armenia (250.7 bln AMD, 45.4% yoy growth). The loans provided by the bank to SME sector amounted to 57.3 bln AMD (20% of credit portfolio with 25.7% yoy growth). Ameriabank is among TOP 5 banks by volume of loans. The bank is also among leaders of lending of industrial sector (including energy complex) with 70.7 bln AMD (25% of credit portfolio, with 2-fold yoy growth). Due to the effective operation of lending funds the Bank managed to increase net profit by 11.2% year-over-year and ensure 5.1 bln AMD as a result of 9 months of operation in 2015. The bank is among the leaders by efficiency ratios: 4th by ROA (2.07%) and 2nd by ROE (17.24%).  Notably, the bank retains leadership in such financial parameters as general obligations, investment in securities, and payables to the customers.

To note, Ameriabank CJSC  is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. Ameria Group CY Ltd. is the sole owner of the Bank.