AMERIABANK TO ATTRACT USD 50 MILLION FROM INTERNATIONAL INSTITUTIONS IN 2010
PanARMENIAN.Net
26.01.2010 14:47 GMT+04:00
/PanARMENIAN.Net/ Ameriabank will attract USD 50 million from IFC,
FMO and DEG to fund three major programs in 2010, said Artak Hanesyan,
Chairman of the Board and Director General of the bank.
"A credit agreement with the financial institutions will be concluded
soon. The funds will be directed to small and medium businesses, trade
and refinancing of large loans," he told a news conference in Yerevan.
"USD 25 million are expected in 2010 first quarter, the rest will be
transferred within the second quarter of the year."
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.
FMO (De Nederlandse Financierings – Maatschappij voor
Ontwikkelingslanden) 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. 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 [email protected] billion, making it one of the
largest bilateral development banks worldwide.