  Ameriabank signs €40 million loan agreement with FMO October 3, 2018 - 17:31 AMT PanARMENIAN.Net - Ameriabank CJSC and FMO (The Dutch development bank) signed a €40 million loan agreement. The 5-year term facility will be used to finance renewable energy and energy efficiency projects in Armenia, as well as to provide funding for young and female entrepreneurs in the country. “This is another remarkable achievement which we celebrate with our long-standing partner FMO. The renewable energy financing will further promote sustainable development of the clean energy sector while ensuring efficient use of Armenian energy amongst the enterprises and population”, - commented Ara Sargsyan, Head Corporate Finance Unit of Ameriabank. Cooperation between FMO and Ameriabank dates back to 2009 when FMO first financed Ameriabank in support of SMEs and RE projects in Armenia. FMO's Chief Investment Officer Linda Broekhuizen commented: "FMO is proud of its strong and successful relationship with Ameriabank, supporting the further economic development of Armenia. This new loan facility will enable Ameriabank to continue its growth and helps support renewable energy generation and job creation led by young and female entrepreneurs."   Top stories Armenia's international reserves amounted to $3.5 billion, according to a report from the country's Central Bank. Trade between Armenian and Iranian increased by 43.5% in the first 10 months of 2022, rising from $390 million to around $560 million. There’s a growing demand for Armenian sprits in Russia amid Western sanctions on the supply of alcohol to the country. Vahan Kerobyan said Armenia will most probably introduce a ban on the sale of Turkish products as well.   Partner news |  Latest news Team launches Speak Up platform to promote transparent practices  Team Telecom Armenia has launched the Speak Up platform, the company says in a statement.Ucom offers a new uDrift 3500 mobile internet tariff In order to join and activate the tariff plan, one should visit one of the Ucom sales and service centers.Armenian serviceman who went missing in fog has been found The serviceman who went missing in the border areas of the southern province of Syunik has been found, the Defense Ministry said on March 2.Azerbaijan again cuts Karabakh gas supply Azerbaijan has again blocked the only pipeline delivering gas from Armenia to Nagorno Karabakh (Artsakh), Artsakhgas reports. |
