EBRD TO PROVIDE 22 MILLION US DOLLARS LOAN TO AMERIABANK FOR INVESTMENT IN SMALL AND MEDIUM-SIZED ENTERPRISES AND ENERGY SPHERES

14:10, 20 March, 2013

YEREVAN, MARCH 20, ARMENPRESS: Ameriabank CJSC CEO Artak Hanesyan and
the European Bank for Reconstruction and Development (EBRD) Yerevan
Office Director Valeriu Razlog signed a cooperation agreement.Within
its framework the EBRD will provide $12 million loan to Ameriabank in
the sidelines of "Raise of Energy Efficiency and Small and Medium-Sized
Business Financing"program.

The $9 million of the provided sum will be addressed to the financing
of small and medium-sized enterprises and 3 million to the financing
of restoring energy and energy saving. "Ameriabank highly rates the
cooperation with the EBRD and finds that the involvement of financial
means will create new opportunities for diversification," Artak
Hanesyan told the reporters on Wednesday, adding that the funding
of small and medium-sized enterprises is one of the priorities of
the Ameriabank's loan policy and this loan will help to raise the
volume of bank's crediting of small and medium-sized businesses,
Armenpress reports.

He also said the project will essentially promote the development of
small and medium-sized enterprises and growth of their competitiveness
both in internal and external markets. The EBRD's financing will also
help to increase the electricity production and promote the effective
usage of energy resources and energy saving.

EBRD Yerevan Office Director Valeriu Razlog said this contract
will help to provide available financing to small and medium-sized
enterprises and noted that the other goal of it is development
of energy.