22May
The Black Sea Trade and Development Bank continues to cooperate with Ameriabank in order to expand the volume of lending to SMEs in Armenia.
May 22, 2018 The Black Sea Trade and Development Bank and Ameriabank signed a loan agreement of 15 million USD for a period of 5 years. The purpose of the agreement is to develop small and medium business in Armenia, which is the core of the country's economy.
Supporting the SME sector is a common goal and priority for both banks. The provided credit facilities will allow Ameriabank to offer small and medium-sized enterprises operating in Armenia the required long-term financing, which is vitally necessary to ensure their growth and competitiveness and to create new jobs.
"It is a great honor for Ameriabank to continue the valuable cooperation with the Black Sea Trade and Development Bank. The contract to be signed will allow Ameriabank to strengthen its position in the SME lending market and make a greater contribution to the development of the country's economy," said Ameriabank General Director Artak Hanesyan.
"This is the second credit instrument provided by the Black Sea Trade and Development Bank to Ameriabank for SME financing. We are happy to continue cooperation with the market leader and implement our strategic plans developed for Armenia, enabling the bank to develop the country's economy and especially the SME sector," said Igor Leshukov, vice president of banking operations of the Black Sea Trade and Development Bank.
The Black Sea Trade and Development Bank is an international financial institution founded by 11 founding countries of the Black Sea Economic Cooperation (Albania, Azerbaijan, Bulgaria, Turkey, Armenia, Greece, Moldova, RF, Romania, Georgia, Ukraine). The head office of the Black Sea Trade and Development Bank is located in Thessaloniki, Greece. The purpose of the bank's creation is to promote the economic development of member countries and regional cooperation among them, mainly through private and public sector financing (loans, lines of credit, acquisition of equity participation, provision of guarantees, trade financing). The authorized capital of the bank is 3.45 billion euros. The bank received a long-term "A-" rating from Standard & Poor's rating organization and "A2" from Moody's rating organization. For more information, visit www.bstdb.org: