EBRD AND AMERIABANK TO SIGN AGREEMENT FOR CO-FINANCING BIG BUSINESS

Arminfo
23.02.2010

Arminfo.In early Mar 2010 EBRD and Ameriabank will sign a $10mln
agreement for co-financing big business, says Head of EBRD Yerevan
Office Valeriu Razlog.

He says that EBRD is implementing a similar program with HSBC Bank
Armenia, Anelik Bank, Armeconombank, Araratbank, Byblos Bank Armenia.

Razlog says that he would call this program co-financing of
medium-sized rather than large business.

According to the Ranking of Commercial Banks of Armenia prepared by
the Agency of Rating Marketing Information (ArmInfo), as of Jan 1 2010
Ameriabank was among the ten leading commercial banks of the country
with 67.8bln AMD credit portfolio (4th place). 24.6% of the loans
(16.7bln AMD) is provided to the industry. The majority shareholder
of Ameriabank (99.9% stake) is TDA Holdings Limited, affiliate of
Troika Dialog.