Ameriabank news

The European Bank for Reconstruction and Development (EBRD) awarded Ameriabank the "Deal of the Year - Energy Efficiency" award for improving the energy efficiency of the greenhouse infrastructure in Armenia in 2015.

Ameriabank has issued two letters of credit for "Alternative Energy" LLC, which were approved and financed by Komertsbank under the guarantee of EBRD. Moreover, the Development Bank of the Netherlands (FMO) was also a participant in this transaction, covering a certain part of the political and payment risks. The total cost of the project was 2.3 million US dollars, of which 1.91 million US dollars was financed through letters of credit issued by Ameriabank.

Thanks to the received financing, the company "Alternative Energy" purchased high-quality energy-saving equipment from the Czech Republic, which provides an opportunity to save $390,000 in energy per year compared to greenhouse companies using conventional equipment, as well as to reduce the use of natural gas by 1,950,000 m³.

Thanks to the use of modern high-quality equipment, the company gets the opportunity to gain competitive advantages in both local and foreign markets.

Emphasizing the role of greenhouse farms for the development of Armenia's agriculture, Ameriabank actively supports the financing of greenhouse farms, particularly for the import of equipment that ensures energy efficiency and high productivity. More than 70% of greenhouse projects in Armenia are financed by Ameriabank.

Thanks to the use of energy-saving and the latest technological equipment, greenhouse farms have the opportunity to gain competitive advantages, ensure uninterrupted production throughout the year and make a significant contribution to the development of Armenia's economy.