  Ameriabank inks subordinated loan deals with GCPF, responsAbility February 7, 2019 - 18:09 AMT PanARMENIAN.Net - Ameriabank is entering into EUR 16.8M long-term subordinated loan agreements with several funds managed by responsAbility Investments including the Global Climate Partnership Fund (GCPF) as well as funds focusing on micro- and SME finance. The new long-term facilities enable Ameriabank to strengthen its capital, therefore making sufficient buffer to finance Armenian businesses and green energy projects. Speaking on behalf of responsAbility, CEO Rochus Mommartz said: “Financial institutions with inclusive business models play a key role in driving development. We are pleased to partner with Ameriabank, a successful and dynamically evolving institution which actively contributes to funding and greening the Armenian economy.” The facilities will have significant development impact through long-term funding and further loan portfolio growth – noted Artak Hanesyan, CEO of Ameriabank - we highly value this new level of partnership with our long standing partners. The use of funds will better serve the interests of our clients in various industries and facilitate further development of the Armenian economy”.   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 |  Latest news European Parliament to discuss repression in Azerbaijan  The European Parliament will discuss repression of civil society in Azerbaijan on April 24PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |
