Ameriabank To Sign Three Loan Agreements With EBRD Worth $30 Million

AMERIABANK TO SIGN THREE LOAN AGREEMENTS WITH EBRD WORTH $30 MILLION

ARKA
Feb 26, 2010

YEREVAN, February 26, /ARKA/. Armenian Ameriabank will sign three
loan agreements in spring with the European Bank for Reconstruction
and Development (EBRD) worth $30 million, its development manager
Tigran Jrbashian said today.

He said the first $10 million worth agreement will be signed in the
first week of March. The loan will allow the bank to continue its
co-financing program to support large businesses.

He said the second loan agreement, also worth $10 million, will be
signed later in spring and will be channeled to finance small and
medium entrepreneurship. Before the end of spring the bank will sign
two more credit agreements, each $5 million for financing trade.

He said as a result the bank will have this year $80 million worth
loans from international lending organizations. He said it will be
a serious stimulus for the bank to implement its strategy.

He said apart from EBRD Ameriabank is negotiating also loans with other
‘serious’ actors in the international market. He said preliminary
results of the talks will be presented in mid 2010.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS