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.
