Ameriabank news

The subordinated loan granted to "Ameriabank" will increase access to finance for Armenian businesses that are feeling the effects of the economic downturn in emerging markets and, in particular, in the region. On January 21, after the ceremony of signing financial agreements with the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) in Yerevan, Tomas Telma, Director of the International Finance Corporation (IFC) for Europe and Central Asia, announced this.

IFC plans to increase investments in Armenia to 100 million dollars in 2016. This includes the "Ameriabank" loan, to which the programs in the real sector and the consulting support projects of the authorities will be added.

Since 1995, IFC has invested $340 million in 47 projects in Armenia. The corporation also supported commercial transactions in the amount of more than 122 million dollars, implemented a number of consulting programs aimed at improving the business climate in the country.

"Ameriabank" is the largest bank in Armenia in terms of assets, credit portfolio, liabilities and investments. The total regulatory capital of the bank is currently almost 200 million dollars, and the total assets at the end of 2015 amounted to more than 1 billion dollars.

Source: News.am