EDB provided Ameriabank $ 30 million for SME financing

ArmInfo. The Eurasian Development  Bank (EDB) and Ameriabank signed a $ 30 million loan agreement for  financial assistance to SME development in Armenia. The funds are  provided for a period of 4 years.

As the press service of the EDB informs, the implementation of the  project will promote the expansion of the possibilities of bank  lending, including financing for the development of industries in the  real sector of the economy.

"Small and medium businesses are of strategic importance for Armenia,  providing economic stability.  Credit funds will help SMEs of the  country to solve the problem of long-term financing, which is  necessary for capital investments and investments," the message says.

The Eurasian Development Bank (EDB) is an international financial  organization established by Russia and Kazakhstan in January 2006 to  promote the development of the market economy of the participating  countries, their sustainable economic growth and the expansion of  mutual trade and economic ties. The authorized capital of the EDB is  $ 7 billion. The member states of the Bank are the Republic of  Armenia, the Republic of Belarus, the Republic of Kazakhstan, the  Republic of Kyrgyzstan, the Russian Federation and the Republic of  Tajikistan.

Ameriabank 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 includes 14  divisions, out of which 9 are metropolitan and 5 are regional ones.  In the share capital of Ameriabank, with the entry of the European  Bank for Reconstruction and Development in December 2015, the equity  participation has changed as follows: Ameria Group CY Ltd. - 65.8%,  EBRD - 20.7% and ESPS Holding Limited - 13.5%. Distinctive awards:  from Euromoney (2017, 2016, 2014, 2012, 2011), from Global Finance  (2017, 2016, 2015, 2013, 2012), from The Banker / FT (2017, 2016,  2015, 2013, 2010), from Commerzbank has been awarded the "STP-Award"  award since 2008.