Ameriabank news

The European Bank for Reconstruction and Development (EBRD) has invested USD 40 million in order to acquire the shares of "Ameriabank" CJSC.

"This is a historic deal for EBRD. We have been working with Ameriabank for many years. We have been extremely impressed every time. But this is the biggest challenge because this is what we call a conversion transaction. It is an investment that, if it works as we plan and expect, it should transform the entire Armenian banking system," said Nick Teseyman, Executive Director of the Bank for Financial Institutions, after signing the contract.
He mentioned that they are completely confident in the management of the bank, shareholders, investors. "I am confident that we will be able to succeed as a result of the work of the next five years."

Today, Ameriabank also signed an agreement with the International Finance Corporation (IFC), a member of the World Bank Group, which provided a subordinated loan of USD 50 million to "Ameriabank" CJSC, the largest bank in Armenia, to increase the latter's capital, expand the crediting opportunities of the country's business entities and access to financing. , in order to stimulate economic growth and job creation.

After the signing of the contract, IFC Central and Eastern Europe Regional Director Tomas Thelma said: "We are delighted to have this opportunity to cooperate with the bank. We have been working with the bank for six years.
By providing capital to one of our main partner banks in Armenia, we support the implementation of its development strategy and prospective plans. This partnership is one of our initiatives aimed at increasing the stability of the banking sector of Armenia, which is of crucial importance for the overall economic development."