AMERIABANK, FMO, DEG STRIKE $30 MILLION DEAL

PanARMENIAN.Net
13.01.2010 13:04 GMT+04:00

/PanARMENIAN.Net/ Ameriabank has negotiated a $30 million credit with
the FMO and DEG, the bank’s press office said.

$20 million will be spent on business crediting and $10 million on
crediting of small hydroelectric and wind power plants. The credits
will be granted with various maturity periods.

Ameriabank CJSC is am investment bank offering various package
services. Being a strategic partner of Moscow-based Troika Dialog
since August 2007, the bank has two branches in Yerevan, one in
Kajaran and one in the Nagorno Karabakh Republic.

De Nederlandse Financierings – Maatschappij voor Ontwikkelingslanden
(FMO) is the entrepreneurial development bank of the Netherlands.

FMO’s vision is that a thriving private sector will help support
and grow lasting economic, environmental and social development. By
empowering people to employ their skills and improve their quality of
life, current and future generations in emerging markets will benefit
from sustainable development. The bank’s mission is to provide capital,
share knowledge and create partnerships. The clients are ambitious
entrepreneurs and financial institutions – often in low-income
countries. The bank partners with banks and other institutions with
specific expertise. FMO’s investment portfolio is ~@4.2 billion,
making it one of the largest bilateral development banks worldwide.

The Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG)
is part of the KfW Group. Its task is to promote private business
initiatives in developing and transition countries. In this way,
the DEG aims to contribute to sustainable growth and to improve
the living conditions of individuals in partner countries. It also
provides private business with long-term capital for investments in
partner countries of German development cooperation.

The DEG invests in profitable, sustainable projects for development
across all sectors of the economy: from agriculture to the
manufacturing industry, from the service sector to infrastructure.

Another focus of the work of the DEG is investment in local
financial markets in order to facilitate the reliable access to
capital in-country.

In 2007 the DEG made a total of 113 financial pledges worth some 1.2
billion euros. At the end of 2007 its total portfolio was worth 3.6
billion euros and covered 493 assisted businesses.

But financing is only one aspect of the work of the DEG. It also
provides its clients with in-depth advice, consultancy services,
and partnership-based support with respect to their endeavors to
implement projects. To allow it to provide optimum support and back-up
services for its projects, the DEG has opened offices in some partner
countries, including Brazil, China, India, Indonesia, Mexico, South
Africa and Thailand.

Alongside its financing and advisory services, the DEG also offers
services under the BMZ’s Public Private Partnership (PPP ) program.

The DEG helps German and European businesses to structure PPP projects
and offers competent advisory services throughout all phases of
implementation. Since the program was first launched in 1999, the
DEG has co-financed some 420 PPP projects worldwide.