Thursday, November 30 2017 21:20
Karine Melikyan

Ameriabank and FMO signed USD 30 million loan agreement

Ameriabank and FMO signed USD 30 million loan agreement

ArmInfo. Ameriabank CJSC and the Dutch development bank (FMO)  have signed a loan agreement in the sum of USD 30 million. The loan facility is aimed at financing SMEs  led by young entrepreneurs and younger retail clientele.

According to the source, this loan facility will help to increase SME lending volume in Ameriabank and will trigger development of SMEs in Armenia and enhancement of their competitiveness in local and international markets.

"We highly appreciate the relationship with our long standing partner, which started back in 2009. Today we are pleased to announce about a new loan facility agreement, continuing our successful cooperation.  SME and retail business development is one of Ameriabank's strategic priorities, and we see huge potential in youth SME and retail businesses, so expect this new loan facility to be successfully utilized." commented Artak Hanesyan, CEO of Ameriabank on 30 Nov 2017 after signing the Agreement.

"FMO's Chief Investment Officer Linda Broekhuizen commented: "FMO is proud to continue its strong and succesful relationship with Ameriabank, supporting the further economic development of Armenia.  This new loan facility will enable Ameriabank to continue its growth and helps support job creation in the country."

FMO is the Dutch development bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development, and has a more than 45-year proven track-record of empowering people to employ their skills and improve their quality of life.FMO focuses on three sectors that have high development impact: financial institutions, energy, and agribusiness, food & water. With a committed portfolio of EUR 9.0 billion spanning over 92 countries, FMO is one of the larger bilateral private sector developments banks globally.

Ameriabank CJSC is a universal bank that provides investment, corporate and retail banking services in the form of a comprehensive package of banking solutions. The bank has been operating in the Armenian market since October 31, 1996. The branch network of Ameriabank today has 14 divisions: 8 - metropolitan and 6 - regional. As of October 1, 2017, the Bank's shareholders are Ameri Group with 65.8% equity interest, EBRD - 20.7% and ESPS Holding Limited - 13.5%.

POST A COMMENT
Input digits     


News
USAID launches $24.5 million Economic Foundations for Resilient  Armenia projectUSAID launches $24.5 million Economic Foundations for Resilient  Armenia project
Armenian-Egyptian business forum to be held in Egypt next FebruaryArmenian-Egyptian business forum to be held in Egypt next February
Armenia, Georgia begin cooperation in food securityArmenia, Georgia begin cooperation in food security
RA state budget expenses increased by almost 15%, share of current  expenses was about 90%RA state budget expenses increased by almost 15%, share of current  expenses was about 90%
Armenia, WB close to signing $150 million loan program for  20  tourism clusters formation - KerobyanArmenia, WB close to signing $150 million loan program for  20  tourism clusters formation - Kerobyan
AraratBank Named Armenia’s Best Sub-Custodian Bank by Global FinanceAraratBank Named Armenia’s Best Sub-Custodian Bank by Global Finance
Armenia`s gross international reserves have fallen from their  historical high since October 2023Armenia`s gross international reserves have fallen from their  historical high since October 2023
Procedure for submitting documents to Police on concluding CMPTL  agreement to be simplified in ArmeniaProcedure for submitting documents to Police on concluding CMPTL  agreement to be simplified in Armenia
Cadastre: Along with 9.4% increase of apartment prices in capital  over year, sale-purchase transactions decreased by 21.6%, and rental  transactions increased by 15.1%Cadastre: Along with 9.4% increase of apartment prices in capital  over year, sale-purchase transactions decreased by 21.6%, and rental  transactions increased by 15.1%
Improved tax-GDP correlation poses risks - Luys foundation Improved tax-GDP correlation poses risks - Luys foundation 
Armenia`s gold reserves to be placed at other agencies` disposal Armenia`s gold reserves to be placed at other agencies` disposal 
Armenian Parliament approves 2024state budget Armenian Parliament approves 2024state budget 
UAE is in TOP-3 of Armenia`s trade partners in terms of export, and  USA in terms of import UAE is in TOP-3 of Armenia`s trade partners in terms of export, and  USA in terms of import 
Memorandums to be signed to allow Armenia to use Iran`s ports Memorandums to be signed to allow Armenia to use Iran`s ports 
The Power of One Dram to the Health Fund for Children of ArmeniaThe Power of One Dram to the Health Fund for Children of Armenia
Armenia increases budget of  servicemen`s housing provision program  with preferential mortgagesArmenia increases budget of  servicemen`s housing provision program  with preferential mortgages
Armenia`s Cabinet to amend North-South Road Corridor agreement with  EIBArmenia`s Cabinet to amend North-South Road Corridor agreement with  EIB
Delay in sale of MTS Armenia was related to research, as it was  directly related to issue of national security: PremierDelay in sale of MTS Armenia was related to research, as it was  directly related to issue of national security: Premier
Armenia should produce high-quality products to have access to many  world markets - KerobyanArmenia should produce high-quality products to have access to many  world markets - Kerobyan
Crossroads of Peace project is bolstered by economic calculations,  Pashinyan assuresCrossroads of Peace project is bolstered by economic calculations,  Pashinyan assures
Problems with supply of Armenian products to Russia were discussed in  MoscowProblems with supply of Armenian products to Russia were discussed in  Moscow
`Always look in mirror before blaming others`: Zakharova on situation  at Upper Lars`Always look in mirror before blaming others`: Zakharova on situation  at Upper Lars
 Armenia`s pensioners to get cash-back without changing accounts next  year Armenia`s pensioners to get cash-back without changing accounts next  year
Reserve Fund planned to be increased next yearReserve Fund planned to be increased next year
Armenia`s budget deficit could be 4.6% of GDPArmenia`s budget deficit could be 4.6% of GDP
Armswissbank participates in the 28th un climate change conference (cop 28)Armswissbank participates in the 28th un climate change conference (cop 28)
Armenia`s Parliament discussing final version of 2024 draft budgetArmenia`s Parliament discussing final version of 2024 draft budget
UNDP launches innovative community initiative in ArmeniaUNDP launches innovative community initiative in Armenia
Armenia could serve as a bridge between India, Iran and EAEU  member-states - Mnastakan Safaryan Armenia could serve as a bridge between India, Iran and EAEU  member-states - Mnastakan Safaryan 
Ministry of Finance intends to delegate powers of management of  precious metals to other government agencies Ministry of Finance intends to delegate powers of management of  precious metals to other government agencies 
EEC discusses situation at Upper Lars checkpoint EEC discusses situation at Upper Lars checkpoint 
Artyom Ghazaryan was appointed CEO of Artyom Ghazaryan was appointed CEO of "Telcell" company
Politics mixed with economy at Upper Lars checkpoint - Gagik Makaryan  Politics mixed with economy at Upper Lars checkpoint - Gagik Makaryan  
Team Telecom Armenia makes NGN network available in Armenia`s SyunikTeam Telecom Armenia makes NGN network available in Armenia`s Syunik
EDB, UNIDO strengthen cooperation in Central Asia and ArmeniaEDB, UNIDO strengthen cooperation in Central Asia and Armenia
Procedure for submitting documents to sign CMPTL contract in Armenia  to be simplified for fined driversProcedure for submitting documents to sign CMPTL contract in Armenia  to be simplified for fined drivers
Vahan Kerobyan: Fly Arna national air carrier needs additional  fundingVahan Kerobyan: Fly Arna national air carrier needs additional  funding
Granatus Ventures co-founder: In Armenia, in the context of creating  startups, we should follow the path of commercialization of  intellectual property productsGranatus Ventures co-founder: In Armenia, in the context of creating  startups, we should follow the path of commercialization of  intellectual property products
Expert: Young scientists do not see opportunities in Armenia to  realize their potentialExpert: Young scientists do not see opportunities in Armenia to  realize their potential
Ardshinbank was recognized as the Bank of the Year in Armenia for the fourth time by The Banker magazineArdshinbank was recognized as the Bank of the Year in Armenia for the fourth time by The Banker magazine
Second co-project of AraratBank and 4090 Charity Foundation to support education for war participantsSecond co-project of AraratBank and 4090 Charity Foundation to support education for war participants
Burden of social payments: RA Burden of social payments: RA "updated budget" 
Situation at the Upper Lars checkpoint was expected - expert Situation at the Upper Lars checkpoint was expected - expert 
Non-financial reporting: Can it exist in Armenia?Non-financial reporting: Can it exist in Armenia?
Don`t believe headlines that world is facing instability because of  Ukraine, Gaza or China- Nassim TalebDon`t believe headlines that world is facing instability because of  Ukraine, Gaza or China- Nassim Taleb
New program to support processing industry enterprises is launched in  Armenia - Ministry of EconomyNew program to support processing industry enterprises is launched in  Armenia - Ministry of Economy
EBRD, EU and Sweden backing Acba Bank with USD 10 million loan for  Armenian women-led firmsEBRD, EU and Sweden backing Acba Bank with USD 10 million loan for  Armenian women-led firms
Armenia sees opportunities to develop country`s economy in tourism -  KerobyanArmenia sees opportunities to develop country`s economy in tourism -  Kerobyan
Armenia is doing everything possible to keep its companies free from  secondary sanctions - ministerArmenia is doing everything possible to keep its companies free from  secondary sanctions - minister
EIB expresses its readiness to discuss with Armenian side prospects  for cooperation on implementation of new projectsEIB expresses its readiness to discuss with Armenian side prospects  for cooperation on implementation of new projects
Civil Aviation Committee has no data on possible withdrawal of Air  Arabia from Armenia`s marketCivil Aviation Committee has no data on possible withdrawal of Air  Arabia from Armenia`s market
Mher Grigoryan appointed member of ERC Board of ManagersMher Grigoryan appointed member of ERC Board of Managers
Road to Upper Lars checkpoint is open for all types of vehiclesRoad to Upper Lars checkpoint is open for all types of vehicles
RA premier receives Amazon Web Services public policy regional  director RA premier receives Amazon Web Services public policy regional  director 
EAEU membership does not hinder Armenia`s exports EU - KerobyanEAEU membership does not hinder Armenia`s exports EU - Kerobyan
Armenia`s Economy Ministry convenes urgent discussion within EAEU on  situation at Upper Lars Armenia`s Economy Ministry convenes urgent discussion within EAEU on  situation at Upper Lars 
Ameriabank to sponsor 100MW of Ameriabank to sponsor 100MW of "green energy" to Armenia`s energy  sector next year
Armenian authorities` ignoring Russia`s key role in country`s  economic development in conflict with its national interests -  opposition MPArmenian authorities` ignoring Russia`s key role in country`s  economic development in conflict with its national interests -  opposition MP
Converse Bank acts as underwriter for corporate AMD coupon bonds of  Euroterm companyConverse Bank acts as underwriter for corporate AMD coupon bonds of  Euroterm company
Minister: by 2040, volume of electricity production from solar  generation facilities to be increased by another 1,500 MWMinister: by 2040, volume of electricity production from solar  generation facilities to be increased by another 1,500 MW
Read more


Exchange rates
08.12.2023
RUB4.410.06
USD403.24-0.19
EUR434.850.15
GBP507.28-0.68
CAD297.070.12
JPY27.920.06
CNY56.31-0.10
CHF460.85-1.11