The Asian Development Bank (ADB) and Ameriabank have signed an agreement for an equity investment equivalent of up to $30 million to strengthen Armenia’s banking sector and further promote financial inclusion in the country. This is ADB’s first equity investment in Armenia. ADB has also approved a loan of up to $30 million to Ameriabank.
The agreement was signed by Shane Rosental, ADB Country Director and Andrew Mkrtchyan, Chairman of the Ameriabank Board of Directors, at a ceremony in Yerevan. 
“We are very pleased to be investing in Ameriabank.  In partnership with Ameriabank’s dynamic team, we will help provide more credit to small and medium-sized enterprises, so they can help contribute to the growth and development of Armenia,” said Mr. Rosental.  
“We highly appreciate this new level of partnership, which is a clear reflection of the level of confidence entrusted by ADB towards Ameriabank. This endeavor will create a renewed momentum for the Bank to achieving its strategic goals and long term aspirations and will accelerate its efforts towards accessing global capital markets in the foreseeable future. 
I am confident that our joint efforts will promote the development of the Armenian banking sector, and will contribute to the economic growth in our country in general and to the  progress of SMEs in particular” commented Andrew Mkrtchyan, Chairman of the Board of Directors at Ameriabank.

ADB (Asian Development Bank), based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members—48 from the region.