ArmInfo. Ameriabank and Proparco, a subsidiary of the Agence Française de Développement Group (AFD Group) signed a €75 million credit agreement. Signed during French President Emmanuel Macron’s State Visit to Armenia, the agreement aims to support Armenian agriculture and micro, small, and medium-sized enterprises (MSMEs).
The agreement was formalized during a signing ceremony by Andrew Mkrtchyan, Chairman of the Board of Directors of Ameriabank, and Bertrand Walckenaer, Deputy CEO of the French Development Agency.
Half of the credit line (€37.5M) will finance climate change mitigation projects, with a particular focus on the agricultural sector. This builds on Proparco's previous engagements with Ameriabank in agri-food and greenhouse construction and renovation and fits within AFD Group's broader action in support of Armenian agriculture and rural communities. The remaining €37.5M will be channeled towards loans to MSMEs, supporting job creation and formalization of Armenia's economy. According to Proparco’s estimates, the agreement is expected to sustain nearly 23,000 jobs and support close to 700 MSMEs in Armenia.
About Ameriabank
Ameriabank is a leading financial and technology company in Armenia, a major contributor to the Armenian economy. In line with its digital transformation strategy, the bank continually introduces and enhances innovative products, services, and platforms designed to meet the evolving financial and non-financial needs of its customers. Ameriabank, as a dynamically growing fintech space, offers seamless solutions to improve the quality of life.
The Bank is supervised by the Central Bank of Armenia.
About Proparco
Proparco – a subsidiary of the Agence française de développement (AFD) – conducts its action within the framework of France's international development and solidarity program. It operates in more than 115 countries in Africa, Asia, Latin America, Eurasia and the Middle East.
With a specific focus on supporting innovation in sustainable development and working alongside the innovators who are shaping the private sector of tomorrow, Proparco helps to create decent jobs, provide essential goods and services, and combat climate change.
Proparco actively contributes to France's international partnership and sustainable investment policy.
