Ameriabank has signed a USD 30 million senior loan agreement with the Dutch development bank (FMO). The loan facility is aimed at financing younger retail clientele and SMEs led by young entrepreneurs. 
 “We highly appreciate the relationship with our long standing partner, which started back in 2009. Today we are pleased to announce about a new loan facility agreement, continuing our successful cooperation.  SME and retail business development is one of Ameriabank’s strategic priorities, and we see huge potential in youth SME and retail businesses, so expect this new loan facility to be successfully utilized.” commented Artak Hanesyan, CEO of Ameriabank on 30 Nov 2017 after signing the Agreement.
FMO's Chief Investment Officer Linda Broekhuizen commented: "FMO is proud to continue its strong and successful relationship with Ameriabank, supporting the further economic development of Armenia. This new loan facility will enable Ameriabank to continue its growth and help support job creation in the country."

About FMO

FMO is the Dutch development bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development, and has a more than 45-year proven track-record of empowering people to employ their skills and improve their quality of life. FMO focuses on three sectors that have high development impact: financial institutions, energy, and agribusiness, food & water. With a committed portfolio of EUR 9.0 billion spanning over 92 countries, FMO is one of the larger bilateral private sector developments banks globally. For more information: please visit www.fmo.nl