ArmInfo. Ameriabank and a number of funds managed by responseAbility Investments, in particular the Global Climate Partnership Fund (GCPF) and micro and small business financing funds, have signed a long-term subordinated lending agreement worth 16.8 million.
This was reported to ArmInfo in the press service of the bank.These new long-term instruments will increase the level of capital adequacy of Ameriabank, significantly expanding the possibilities of financing entrepreneurs and energy-saving projects in Armenia.Rohus Momarts, the executive director of responsAbility Investments, noted that financial institutions with an inclusive business model are an incentive for the development of the country. "We are glad to cooperate with Ameriabank. It is a successfully and dynamically developing organization that actively finances the Armenian economy and promotes the implementation of" green "programs," he said.Chairman of the Directorate, General Director of Ameriabank Artak Anesyan, in turn, noted that the new investment instruments will open up significant opportunities for long-term financing and growth of the loan portfolio.
"We highly appreciate the cooperation with our long-time partner. Now this partnership has reached a qualitatively new level. The available credit resources will help to further improve the quality of customer service from different areas and contribute to the development of the Armenian economy," he stressed.Note that the company responsAbility Investments, which is one of the leaders in the field of investment asset management in developing countries, was founded in 2003. The company's portfolio is $ 3 billion. The company is headquartered in Zurich, with regional offices in Bangkong, Geneva, Hongkong, Lima, Luxembourg, Mumbai, Oslo and Paris. Through various investment instruments, the company provides partial debt and equity financing to 540 organizations operating in 90 countries with an inclusive business model.Recall that the founders of the Global Fund for Climate Partnership (Global Climate Partnership Fund, GCPF) are the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety of Germany, the Government of Denmark, the International Finance Corporation (IFC), KfW Bank (Germany), Austrian Development Bank ( Oesterreichische Entwicklungsbank AG) and Deutsche Bank AG.According to the Ranking of Banks of Armenia, as of January 1, 2019, prepared by ArmInfo IC, Ameriabank maintains leadership in the main balance sheet indicators. Thus, the total capital of the bank reached 89.8 billion drams ($ 185.6 million, with an annual growth of 28.4%), assets - 779.8 billion drams ($ 1.6 billion, an increase of 15.1%), the volume of credit investments and other loans - 548 billion drams ($ 1.1 billion). 2018 Ameriabank completed with a net profit of 10.5 billion drams ($ 21.7 million), with an annual growth of 37.3%. The total regulatory capital of Ameriabank at this date amounted to 97.8 billion drams ($ 202.1 million), an increase of 16.3% over the year. Ameriabank has been operating in the Armenian market since October 31, 1996. The shareholders of the bank on January 1, 2019 are the Ameria Group CY Ltd. - 56.6%, EBRD - 17.8%, Asian Development Bank - 13.98%, ESPS Holding Limited - 11.62%.