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DEG provided Ameriabank with 20 million US dollars for SME lending
news.am
November 16, 2012 | 18:41
YEREVAN.- Ameriabank CJSC and DEG -Deutsche Investitions-und
Entwicklungsgesellschaft mbH have concluded a USD 20 million loan
agreement.
An eight-year loan facility will be dedicated to financing small and
medium-sized enterprise (SME) projects of Ameriabank's Corporate and
SME clientele, bank's press service informed Armenian News-NEWS.am.
`This is another remarkable achievement which we celebrate with our
long-standing partner DEG and we are pleased to see this partnership
evolving into a strategic one. The loan agreement will allow us to
continue financing the SME sector, one of the main drivers of the
Armenian economy. Under this loan facility small and medium
enterprises will be able to obtain long-term financing to expand their
businesses, strengthen their competitiveness and create new jobs', -
commented Artak Hanesyan, the General Director.
`SMEs are a major engine behind economic growth. This is why the
promotion of these enterprises is a matter of particular concern to
DEG. With our commitment, we enable our experienced and reliable
partner Ameriabank to further expand its financial offer. At the same
time, we are fostering the Armenian financial sector, facilitating the
access to long-term investment capital especially for small and
medium-sized enterprises,'said Dr. Andreas Zeisler, Director
Financial Institutions.
From: A. Papazian
news.am
November 16, 2012 | 18:41
YEREVAN.- Ameriabank CJSC and DEG -Deutsche Investitions-und
Entwicklungsgesellschaft mbH have concluded a USD 20 million loan
agreement.
An eight-year loan facility will be dedicated to financing small and
medium-sized enterprise (SME) projects of Ameriabank's Corporate and
SME clientele, bank's press service informed Armenian News-NEWS.am.
`This is another remarkable achievement which we celebrate with our
long-standing partner DEG and we are pleased to see this partnership
evolving into a strategic one. The loan agreement will allow us to
continue financing the SME sector, one of the main drivers of the
Armenian economy. Under this loan facility small and medium
enterprises will be able to obtain long-term financing to expand their
businesses, strengthen their competitiveness and create new jobs', -
commented Artak Hanesyan, the General Director.
`SMEs are a major engine behind economic growth. This is why the
promotion of these enterprises is a matter of particular concern to
DEG. With our commitment, we enable our experienced and reliable
partner Ameriabank to further expand its financial offer. At the same
time, we are fostering the Armenian financial sector, facilitating the
access to long-term investment capital especially for small and
medium-sized enterprises,'said Dr. Andreas Zeisler, Director
Financial Institutions.
From: A. Papazian