07Feb
Ameriabank signed subordinated loan agreements with the Global Climate Partnership Fund and responsAbility Investments
Ameriabank and a number of funds managed by responsAbility Investments, namely the Global Climate Partnership Fund and several funds aimed at financing micro and small businesses, signed long-term subordinated loan agreements of 16.8 million euros
These new long-term instruments of cooperation will allow to improve Ameriabank's capital adequacy, significantly expanding the possibilities of financing entrepreneurs and energy saving projects in Armenia.
Rochus Momarts, executive director of responsAbility, said: "Financial institutions with an inclusive business model are an important stimulus for the country's development. We are happy to cooperate with Ameriabank, a successful and dynamically developing organization that actively contributes to the financing of Armenia's economy and encourages "green" projects.
Artak Hanesyan, the chairman-general director of Ameriabank's Directorate, noted. "These new credit instruments will create significant development opportunities due to long-term financing and loan portfolio growth. We greatly appreciate the cooperation with our long-time partner, which has now reached a new level. The new credit facilities will help to better serve the needs of customers representing different sectors and contribute to the development of our country's economy."