Eurasian Development Bank and Ameriabank have signed USD 30 million loan agreement aimed at developing small and medium-sized business sector in Armenia. The project will contribute to the expansion of business lending in the country as well as  the development of the real sector. 

Small and medium business sector plays a strategic role for the country; ensuring economic stability and supporting SMEs is one of Ameriabank’s strategic priorities. The loan facility will help SMEs solve the problem of long-term financing required for capital investments. 

Eurasian Development Bank (EDB) is an international financial institution established by the Russian Federation and Kazakhstan in January 2006 to promote economic growth in its member states and extend trade and economic ties among them.  The bank’s charter capital totals USD 7 billion. Member states are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Republic of Kirgizstan, the Russian Federation and the Republic of Tajikistan.