Finance in Motion opens office in Yerevan

Finance in Motion opens office in Yerevan

PanARMENIAN.Net - Finance in Motion, a global leader in asset management and technical assistance for development finance, registered a new regional office in Yerevan, Armenia.

This is Finance in Motion’s fourth representative office in the European Eastern Neighborhood Region, bringing the total to 12. The physical presence will help strengthen relations with Armenian financial institutions and other stakeholders.

“Having been active in Armenia for more than 3 years now, we are pleased to take our activities there to a new level with this representative office,” says Sylvia Wisniwski, Managing Director at Finance in Motion. “Establishing a permanent presence in Armenia was a logical step in view of the strong partnerships we have developed in the financial sector and our expanding development finance portfolio regarding small business support and energy efficiency.”

Finance in Motion is an alternative asset manager exclusively focused on development finance and manages investment vehicles to promote sustainable economic, social and environmental development. Finance in Motion has over EUR 1.2 billion of investor commitments under management (as at 31 December 2013) leveraging development aid through public private partnerships. In line with the development mission of each fund, Finance in Motion develops partnerships with eligible financial institutions and projects covering debt, mezzanine and equity, as well as non-financial advisory services (technical assistance). Finance in Motion has offices in Frankfurt/Main, Germany, and in a further 12 cities covering operations in 24 countries in Southeastern Europe, the Caucasus, Middle East and North Africa. Finance in Motion currently provides asset management and technical assistance management services to the following development finance vehicles: the European Fund for Southeast Europe (EFSE) – finance for micro-, small and medium enterprises (MSME finance); the Green for Growth Fund, Southeast Europe (GGF) – energy efficiency and renewable energy; and the SANAD Fund in the Middle East and North Africa region – finance for micro-, small and medium enterprises (MSME finance) and employment creation.

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The Energy Minister thanked “our friendly country, Armenia” and his Armenian counterpart “for providing a huge assistance”.
"There have been no new talks on gas exports to Europe, but there are routes and facilities which we need to use," Majedi said.
"We are particularly pleased by a 15 percent rise in lending to small and medium-sized businesses,” the bank’s financial director said.
It also signed 33 Reimbursable Advisory Service agreements with 11 countries in the region for a total amount of $45 million.
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