December 16, 2021 Ameriabank has signed new loan agreements of 20 million USD with "responsAbility" company and "Global Climate Partnership Fund (GCPF)" for the purpose of financing small and medium enterprises and "green" projects in Armenia.
"As a responsible financial institution, we are constantly working to make a greater contribution to the protection of the environment, and we are happy to cooperate with our long-term partners responsAbility and GCP Foundation on this path. The financing of small and medium-sized businesses and especially the implementation of "green" projects are of primary importance for us. The received new credit funds will allow to expand the volume of financing of small and medium-sized enterprises operating in Armenia and at the same time contribute to the protection of the environment", said Artak Hanesyan, General Director of Ameriabank.
"responsAbility" company is pleased to provide long-term primary loans to Ameriabank in cooperation with GCPF. Ameriabank is one of our long-standing and largest partners worldwide. We hope that the mentioned financing will allow to provide greater support to the SME sector of Armenia and "green" projects, thus contributing to the 2020. to the recovery of Armenia's economy after two shocks," said Younes Boazis, the company's senior investment specialist for the Middle East, North Africa and the Caucasus region.
company responsAbility Investments AG
responsAbility has invested more than $11 billion in emerging markets since 2013. As a responsible asset manager, the company primarily focuses on climate-relevant projects, sustainable food production, and expanding access to financial instruments. The company closely cooperates with representatives of local markets. It has 8 offices in different countries around the world, which allow us to take strategic steps to directly support the implementation of the UN Sustainable Development Goals. Currently, responsAbility's assets amount to 3.6 billion US dollars, which the company has invested in more than 300 companies with high standards of environmental protection, social and corporate management in 80 countries around the world.
Global Climate Partnership Fund (GCPF)
The Global Fund for Climate Partnership is an investment company operating under the laws of Luxembourg, whose activities are aimed at ensuring sufficient financing for projects implemented using low carbon technologies in developing countries. It was founded by the German Federal Ministry for the Environment, Environmental Protection and Nuclear Safety, KfW Entwicklungsbank and the International Finance Corporation in 2009 as a public-private partnership. Catalytic capital was provided by the German Federal Ministry for the Environment, Conservation and Nuclear Safety, the UK Department for Business, Energy and Industrial Strategy and the Danish Development Cooperation. Other private and public investors include ASN Bank, Ärzteversorgung Westfalen-Lippe, FMO, OeEB, Sparkasse Bremen, European Investment Bank (EIB) and Heilsarmee.
About Ameriabank
Ameriabank is one of the dynamically developing banks of Armenia, ranks among the country's most stable and large financial institutions and has a clearly formulated digitalization agenda. Being the first investment bank in Armenia, Ameriabank provides a wide range of innovative banking services. "Ameriabank" CJSC is a universal bank that provides corporate, investment and retail banking services, providing a complete package of banking solutions. According to the results of the first quarter of 2021, Ameriabank is the leader of the RA banking system in terms of key financial indicators (assets, liabilities, loan portfolio, capital). For complete information, you can visit the website www.ameriabank.am or call (+37410) 56 11 11.