Ameriabank news

"Ameriabank" CJSC and the Development Bank of the Netherlands (FMO) signed a loan agreement of 30 million US dollars, within which the funds received will be directed to the financing of small and medium business activities of young entrepreneurs.

"We highly value the relationship with our old partner, which started back in 2009. Now we are pleased to announce the signing of a new loan agreement, which heralds the start of a new phase of mutually beneficial cooperation. The development of SMEs and retail business is one of Ameriabank's priority strategic directions. We see great potential in young entrepreneurs and retail businesses, so be sure that these new credit funds will be successfully allocated," Ameriabank General Director Artak Hanesyan said. year after the signing ceremony on November 30.

FMO Investments Director Linda Breukhuizen noted: "FMO is proud to continue its close and effective cooperation with Ameriabank, supporting the development of Armenia's economy. This new funding will contribute to the continued growth of Ameriabank and the creation of new jobs in the country."

Thanks to the new credit facilities, Ameriabank will increase the volume of lending to SMEs, contributing to their development and increasing competitiveness in domestic and foreign markets.

The Dutch Development Bank (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 billion in more than 92 countries, FMO is currently one of the largest bilateral development banks in the world. For more information you can visit www.fmo.nl.