Ameriabank signs 80th deal under EBRD TFPJanuary 23, 2015 - 19:30 AMT PanARMENIAN.Net - Ameriabank signed their 80th trade finance deal covered by the Trade Facilitation Programme of the European Bank for Reconstruction and Development (EBRD). The cooperation between the bank and the EBRD commenced on Sept 30, 2010 and since then trade finance deals in the total amount of over USD70 million have been signed. Ameriabank highly appreciates the long-standing partnership with the EBRD, as one of the most reputable international organizations, the bank said in a press release. This partnership has enabled the bank to finance many local companies, including small and medium businesses, in various sectors of Armenian economy with flexible, tailor-made terms. The EBRD granted “confirming bank” status to Ameriabank in 2013, which availed Ameriabank with new capacities. More specifically, trade finance tools such as LCs and bank guarantees became more accessible for local exporters. In May 2014 Ameriabank won the EBRD’s TFP Deal of the Year Award. This award is granted annually by the EBRD only to one bank from among its partner banks all over the EBRD’s countries of operations. During their long-standing cooperation Ameriabank and the EBRD have co-financed several key projects fostering Armenian economy, in particular in the sectors of telecommunication, energy, agricultural, trade, manufacturing, etc. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |