Ameriabank to attract USD 45 million from international institutions in 2010

PanARMENIAN.Net -
Ameriabank will attract USD 45 million from IFC, FMO and DEG to fund three major programs in 2010, said Artak Hanesyan, Chairman of the Board and Director General of the bank.



“ The funds will be directed to small and medium businesses, trade and refinancing of large loans,” he told a news conference in Yerevan. “USD 25 million are expected in 2010 first quarter, the rest will be transferred within the second quarter of the year.”



Ameriabank CJSC is am investment bank offering various package services. Being a strategic partner of Moscow-based Troika Dialog since August 2007, the bank has two branches in Yerevan, one in Kajaran and one in the Nagorno Karabakh Republic.



FMO (De Nederlandse Financierings - Maatschappij voor Ontwikkelingslanden) is the entrepreneurial development bank of the Netherlands. FMO’s vision is that a thriving private sector will help support and grow lasting economic, environmental and social development. The bank's mission is to provide capital, share knowledge and create partnerships. The clients are ambitious entrepreneurs and financial institutions - often in low-income countries. The bank partners with banks and other institutions with specific expertise. FMO's investment portfolio is €4.2 billion, making it one of the largest bilateral development banks worldwide.