Friday, May 10 2019 17:16

ArmInfo.OeEB, the Development Bank of Austria, and Ameriabank CJSC have signed a financing agreement in the amount of USD 30 million. This facility will be  dedicated to financing small and medium sized enterprises (SMEs), as  well as renewable energy and energy efficiency projects in Armenia.  

The long-term facility with flexible terms will support the growth  and expansion of SME business activities in Armenia and increase  competitiveness in the local and foreign markets. Renewable energy  financing will further promote sustainable development of the clean  energy sector while ensuring efficient use of energy amongst the  enterprises and population.  

"We highly appreciate the relationship with our long standing partner  OeEB, which started back in 2013.  Supporting small and medium-sized  businesses is one of Ameriabank's priorities. This cooperation will  help us to open new doors for small and medium-sized businesses to  support Armenia's economy and create new jobs. This agreement will  also serve as a solid ground for  our loan portfolio diversification  in key sectors of the country's economy and further improvement of  our environmental footprint ", said Artak Hanesyan, CEO of  Ameriabank. 

"Access to energy and access to finance are prerequisites for  economic development. This is why OeEB's main focus is to promote  clean energy and energy efficiency and to support small and  medium-sized businesses. Ameriabank shares these goals which makes it  an ideal partner for us. We are happy to extend our successful  partnership and to continue to work together to create sustainable  development", said Sabine Gaber, member of OeEB's executive board. 

To note, Oesterreichische Entwicklungsbank AG (OeEB) has been  operating as the Development Bank of Austria since March 2008. It  specialises in the provision of long-term finance for the  implementation of private sector projects in developing countries  which create sustainable development. Additionally, OeEB provides  technical assistance, which can be used to enhance the developmental  impact of projects. For more information, please visit  http://www.oe-eb.at

Ameriabank is a dynamically developing bank and one of the major and  most stable financial institutions in Armenia. The first investment  bank in Armenia, Ameriabank has been providing a large package of  innovative banking services since 2007. Now Ameriabank CJSC is a  universal bank offering corporate, investment and retail banking  services in a comprehensive package of banking solutions. Ameriabank  is the leading bank in Armenia as measured by all key financial  indicators (assets, liabilities, loans portfolio, net profit and  equity) according to the 2018 year reportable data.  For further  information, please visit www.ameriabank.am