Ameriabank news

"Ameriabank" CJSC and FMO signed a loan agreement of 40 million euros. This credit instrument, provided for a period of 5 years, will be directed to the financing of renewable energy and energy efficiency projects in Armenia, as well as the activities of young and female entrepreneurs.

“This is another significant achievement in our long-standing relationship with our partner FMO. The financing of renewable energy will continue to contribute to the sustainable development of the clean energy production sector, while ensuring the efficient consumption of Armenia's energy resources by enterprises and the population," said Ara Sargsyan, head of Ameriabank's Corporate Finance Department.

The relationship between Ameriabank and FMO dates back to 2009, when FMO first provided a loan to Ameriabank to finance SMEs and renewable energy projects in Armenia.

"FMO is proud to have been able to build a strong and effective relationship with Ameriabank and support the development of Armenia's economy. This credit facility will contribute to the further growth of Amerabank, the development of the renewable energy sector, as well as the creation of new jobs in companies led by young and female entrepreneurs," said Linda Breukhuizen, Director of Investments at FMO.

The Netherlands Development Finance Company (FMO) is the country's international development bank. As a leading investor, FMO supports sustainable private sector growth in developing countries by financing ambitious projects and businesses. Convinced that a strong private sector contributes to social and economic development, FMO has been funding entrepreneurs to help them realize their potential and improve quality of life for more than 45 years. In particular, the FMO emphasizes three sectors that have a high weight in terms of economic development: financial institutions, energy and agriculture/food industry. With an investment portfolio of EUR 9.2 billion in more than 82 countries, FMO is currently one of the largest bilateral development banks in the world.
For more information you can visit www.fmo.nl.