ArmInfo. Ameriabank plans to increase its lending to the mining industry to $500 million in the foreseeable future. This was announced by Gagik Sahakyan, Director of Corporate Banking at Ameriabank, speaking to journalists on the sidelines of the international Mining Armenia Forum.
Currently, the bank has provided $350 million in loans to mining companies. He stated that the portfolio will be expanded if new industry programs are implemented and positive developments are achieved.
Currently, Sahakyan noted, Armenia has powerful mining companies that account for a significant portion of Armenia's exports. "Ameriabank, as the largest lender to the Armenian economy for the past 10 years, clearly considers the mining industry a priority," the specialist emphasized.
He also emphasized the importance of holding events like the Mining Armenia Forum. In this regard, Sahakyan noted that this is the second time Ameriabank has supported this forum, which serves as an effective platform for discussing challenges and opportunities among industry players, the environmental community, and banks funding industry programs.
Eduard Arakelyan, Head of Sales and Corporate Relations at Ameriabank, noted that the Bank serves 5,000 mining company employees through payroll services. These employees, he noted, have loans with Ameriabank totaling $60 million. He also noted that the annual balances in mining companies' accounts reach approximately $500 million.
Speaking about future prospects, Arakelyan noted that with the increased construction of solar power plants, the development of renewable energy sources, and the use of electric vehicles, demand for metal will grow year after year. "This creates significant opportunities for mining companies. Given the predictability of prices and demand for raw materials, which are trending upward, companies will be able to more confidently outline and implement successful long-term programs in the coming years," the expert said.
He also emphasized the importance of environmental and social responsibility in the context of sector financing. Arakelyan noted that both banks and international financial institutions impose strict requirements on companies in the industry regarding compliance with ESG (Environmental, Social, and Governance) standards in order to obtain financing.
In this regard, citing Ameriabank's effective ESG monitoring system, the expert noted that improvements in standards are evident year after year, not only among companies engaged in raw material extraction but also in related industries exposed to environmental and social risks.
It should be noted that Ameriabank is a leading financial technology organization and a key player in the Armenian economy. Following its digital transformation strategy, the bank introduces and continuously improves unique products, services, and innovative platforms aimed at meeting both financial and non- financial needs.
As a rapidly developing fintech company, Ameriabank offers comprehensive solutions to improve quality of life. According to the Financial Rating of Armenian Banks as of June 30, 2025, prepared by ArmInfo Investment Company, Ameriabank's assets reached $5.3 billion (2nd place in the market), of which loan investments exceed 74%, amounting to $3.9 billion (1st place). Corporate lending accounts for over 61% of the bank's loan portfolio, or $2.4 billion (1st place), and Ameriabank accounts for 23% of total corporate loans in the market.
