Ameriabank news

The Black Sea Trade and Development Bank (BSTDB) and Ameriabank, one of Armenia’s leading financial institutions, have signed an agreement for a subordinated loan of EUR 15 million to support private sector development and job creation in the country.

Fresh financing will support SME investment and strengthen Armenia’s private sector.

By reinforcing Ameriabank’s capital position and expanding its lending capacity, the BSTDB financing will enable the bank to increase financing for small and medium-sized enterprises (SMEs), an important driver of Armenian economy.

Welcoming the agreement, Dr. Serhat Köksal, President of the Black Sea Trade and Development Bank, said: “We are delighted to partner yet again with Ameriabank to strengthen Armenia’s private sector and promote economic growth. The new facility reflects BSTDB’s continued commitment to fostering sustainable development across its member countries and to enhancing the resilience and competitiveness of the financial and SME sectors throughout the Black Sea region.”

Artak Hanesyan, CEO of Ameriabank stated: "We are pleased with a new agreement with Black Sea Trade and Development Bank. This partnership marks a significant milestone in our capital strategy and underscores our commitment to driving sustainable economic growth through targeted industrial and service-related investment. The proceeds will be deployed directly toward the creation, expansion, and diversification of our facilities across several key sectors, including industrial production, agriculture, trade, and services.”