Ameriabank Finishes Negotiations With FMO And DEG Over Attraction Of

[Kafian Jirair]

AMERIABANK FINISHES NEGOTIATIONS WITH FMO AND DEG OVER ATTRACTION OF MILLION LOAN

Noyan Tapan
Jan 13, 2010

YEREVAN, DECEMBER 13, NOYAN TAPAN. Ameriabank has finished
negotiations over attraction of a million loan with two significant
financial institutions: FMO (Nederlandse Financierings-Maatschappij
Voor Ontwikkelingslanden N.V) and DEG (Deutsche Investitions und
Entwicklungsgesellschaft MHB). million of this loan will be allocated
for business crediting and million - for crediting small hydropower
plants or wind power plants in renewable energy sector.

The bank informs that loans will be given for a longer period than
the current repayment period in the market. Any organization with an
annual turnover from 5 million to 5 billion drams and a staff of up
to 250 employees can receive a business loan. The amount of business
loans can reach .5 million, while enterprises in renewable energy
sector can receive loans of up to million. The attraction of loans
from FMO and DEG on exceptional terms will greatly help Ameriabank
with the efficient implementation of the crediting programs that the
bank has already launched.