Ameriabank signed a USD 25 million syndicated term facility agreement with FMO and OeEB. This long-term facility will be dedicated to financing of Small and Medium sized Enterprises (SMEs), as well as Renewable Energy (RE) projects in Armenia.

SMEs play an essential role for the development and stability of Armenia’s economy, assessed at around 40% of the country’s GDP and most of its employment. The syndicated term facility provided by FMO and OeEB will support the growth in business activities in Armenia by facilitating access to finance for local SMEs.

“We are delighted to continue our valuable partnership with FMO, the arranger of this syndicated term facility, in cooperation with another good partner IFI, such as OeEB – featuring a landmark long term syndicated loan agreement between our esteemed institutions. This credit facility will help the Bank to further strengthen its position in the SME and renewable energy lending segments contributing to the economic growth of the country. We place great value on our long-standing relationship with FMO and OeEB and look forward to further successful transactions in the years to come,” commented Artak Hanesyan, CEO of Ameriabank.