Ameriabank has partnered with the European Investment Bank (EIB Global) to secure €105 million in funding, marking the largest direct loan from EIB Global to a bank in Armenia. This landmark financing underscores Ameriabank’s and EIB’s shared commitment to promoting economic development through private sector growth and advancing Armenia’s green transition. 

The funds will allow Ameriabank to offer accessible and affordable loans to micro, small, and medium-sized enterprises (MSMEs) and mid-cap companies, enabling them to invest in growth, competitiveness, and greener initiatives. Part of the financing will be made available in Armenian drams to protect the MSMEs against currency risks.

Hovhannes Toroyan, Chief Financial Officer at Ameriabank, commented:  “We are pleased to partner with the European Investment Bank (EIB Global) to reaffirm our commitment to supporting micro, small, and medium-sized enterprises (MSMEs) in Armenia. This collaboration will provide local businesses with affordable funding, enabling them to reach their full potential and contribute significantly to Armenia's economic growth. As the largest lender in the Armenian economy with a solid portfolio in green and sustainable financing, we are confident in our ability to foster a more sustainable and inclusive economic future for Armenia.”

 “We are delighted to partner with Ameriabank to strengthen Armenia’s private sector and promote sustainable economic growth,” said Teresa Czerwińska, EIB vice-president overseeing EIB operations in Armenia. “This operation is a milestone, constituting a significant step forward in our commitment to fostering sustainable development and economic resilience, in line with both the European Union and Armenia’s priorities.” 

“With this support to the Armenian MSMEs, we are delivering on our commitment to further support Armenian private sector and contribute to addressing the pressing need for access to finance including in local currency. This assistance is part of the European Investment Plan (EIP) for Armenia which is a comprehensive initiative aimed at fostering economic growth, sustainable development, and prosperity in the country. We will further build on these efforts by delivering in total €270 million under the Resilience and Growth Plan in the period 2024-2027. A large part of it will be dedicated to business development, targeted at tech, start-ups and new export opportunities, which will support Armenia’s economic diversification,” said Head of the EU Delegation to Armenia, Ambassador Vassilis Maragos.

This latest transaction follows Ameriabank’s recent $200 million financing agreement with the International Finance Corporation (IFC), strengthening the Bank’s strategic efforts to attract international funding aimed at Armenia’s sustainable economic growth.