IFC TO PROVIDE AMERIABANK CREDIT ON FINANCING SMALL ENTERPRISES

ARKA
Dec 22, 2009

YEREVAN, December 22. / ARKA /. Member of the World Bank – the
International Finance Corporation (IFC) will provide CJSC Ameriabank
a loan with a purpose of financing small enterprises in the renewable
energy worth $ 15 million.

This was reported to ARKA News Agency by the press-service of the bank.

According to the press release, the relevant agreement between the
Chairman of the Directorate-General Director of Ameriabank Artak
Anesyan and the Regional Director of IFC in the Caucasus Thomas Lubeck
will be signed on December 22 in Yerevan.

Ameriabank (former Armimpexbank) was established in July 1992 on the
basis of the Armenian branch of the USSR Vnesheconombank. On September
8, 1992, the Central Bank of Armenia issued a license to the bank.

TDA Holdings Limited, affiliate of the Russian Troika Dialog Investment
Company, became the bank’s principal shareholder (96.15%) in August
2007. In May 2008 the bank was renamed Ameriabank.

Armenian Stock Exchange awarded a status of market-maker of the bonds
of IMEX Group to Ameriabank on November 3 2008.

According to ARKA News Agency’s data, as of September 30 2009,
the bank’s assets amount to 93bln AMD, the bank’s liabilities are
at 71.7bln AMD, the total capital is 21.3bln AMD and the authorized
stock totals to 18.2bln AMD.

The bank’s credit investments were 44.5bln AMD in the period with
liabilities to clients totaling 62.2bln AMD.

Net profit after taxes amounted to 1064.6mln AMD in January-September.

Currently, the bank has only one branch on the territory of Armenia
($1=373.97Drams).