 Ameriabank signs $20 M equivalent local currency facility agreement September 11, 2019 - 12:15 AMT PanARMENIAN.Net - FMO (Dutch Entrepreneurial Development Bank) and Ameriabank CJSC signed $20 million equivalent Local Currency Facility Agreement channeled to “green” projects and youth financing in Armenia, the bank said Wednesday, September 11. The 7-year facility will be dedicated to renewable energy and energy efficiency projects as well as first time home mortgage, education and business loans to persons younger than 35. This is the first local currency loan issued by FMO on its own books in Armenia. “This is another remarkable achievement which we celebrate with our long-standing partner FMO since 2009. This agreement creates new opportunities for the economic development of the country and for improving welfare of the population. Financing of renewable energy and energy efficiency projects will further promote sustainable development of the energy sector while ensuring efficient use of energy amongst the enterprises and population. New funding opportunities for young people will trigger growth of entrepreneurship in our country and will raise the living standards of the population”, - said Artak Hanesyan, Chairman of the Management Board-CEO at Ameriabank. FMO's Chief Investment Officer Linda Broekhuizen said: "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 support renewable energy and energy efficiency projects, and to increase access to finance to young 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 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.Armenian serviceman lost in Azerbaijan-controlled territory A serviceman of the Armenian Armed Forces has lost his way in the border areas of the province of Syunik due to poor visibility and fog. |
