13May
DEG provided Ameriabank with a USD 20 million loan for SME lending
"Ameriabank" PJSC and DEG (Deutsche Investitions-und Entwicklungsgesellschaft mbH) signed a 20 million USD loan agreement with a 6-year maturity in London on May 12. The loan will be directed to the financing of small and medium enterprises in the Republic of Armenia.
The contract was signed by Artak Hanesyan, Chairman of Ameriabank Directorate, General Director, Rena Terfract, Director of DEG Europe and Asia Financial Institutions, and Julian Lock, Senior Investment Manager of Europe and Asia Financial Institutions.
Ameriabank-DEG cooperation started back in 2009, when a credit line agreement was signed with this organization and the Netherlands Development Finance Company (FMO). Later, the cooperation turned into a strategic partnership, when in 2012 A loan agreement of 20 million US dollars was signed in November. This cooperation is in line with the Bank's strategy, according to which the financing of small and medium-sized businesses is one of the primary directions of the Bank's credit policy.