27Nov
Ameriabank signed a USD 25 million syndicated loan agreement with FMO and OeEB
Ameriabank has signed a USD 25 million syndicated loan agreement with the Netherlands Development Finance Company (FMO) and the Austrian Development Bank (OeEB). The loan will be directed to lending to small and medium-sized enterprises in Armenia, as well as financing renewable energy and energy efficiency projects.
Small and medium business is of great importance for the development and stability of Armenia's economy, it provides about 40% of the country's gross domestic product. This long-term financing will contribute to the further expansion and development of the activities of SMEs in Armenia, increasing competitiveness in domestic and foreign markets.
The financing aimed at renewable energy will be an incentive for strengthening the sustainable development of this sector, ensuring energy saving both among enterprises and the population.
It should be noted that Ameriabank, expanding its cooperation with international reputable structures, attracted financial resources in the total amount of 345 million US dollars as a result of effective cooperation.