AMERIABANK INTENDS TO BECOME A LEADER IN ENERGY CREDITING

ArmInfo
23.04.2010

ArmInfo. Ameriabank intends to become the leader in energy crediting
market, Development Manager of Ameriabank Tigran Jrbashyan said during
a press-conference today. He said that under international programs on
hydropower plants crediting, the bank has almost completely implemented
two projects with IFC, FMO and DEG, having placed almost 18 mln USD
in the energy sphere and provided around 11 loans.

"Having merged with Cascade Bank, Ameriabank will become an energy
bank as in the sphere of renewable energy our credit portfolio will
have no analogues by its size",- he stressed and added that Cascade
Bank was a big creditor in the sphere of energy. According to him,
the bank is going to offer new energy projects to the market.

To remind, in Jan 2010 Ameriabank completed its negotiations with FMO
(Nederlandse. Financierings-Maatschappij voor. Ontwikkelingslanden
N.V.) and DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH)
for borrowing $30mln, of which $10mln for crediting small-sized water
power plants. In Dec 2009 Ameriabank agreed with IFC to implement a
renewable energy financing project worth $15mln.