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Ameriabank Intends To Become A Leader In Energy Crediting

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  • Ameriabank Intends To Become A Leader In Energy Crediting

    AMERIABANK INTENDS TO BECOME A LEADER IN ENERGY CREDITING

    ArmInfo
    23.04.2010

    ArmInfo. Ameriabank intends to become the leader in energy crediting
    market, Development Manager of Ameriabank Tigran Jrbashyan said during
    a press-conference today. He said that under international programs on
    hydropower plants crediting, the bank has almost completely implemented
    two projects with IFC, FMO and DEG, having placed almost 18 mln USD
    in the energy sphere and provided around 11 loans.

    "Having merged with Cascade Bank, Ameriabank will become an energy
    bank as in the sphere of renewable energy our credit portfolio will
    have no analogues by its size",- he stressed and added that Cascade
    Bank was a big creditor in the sphere of energy. According to him,
    the bank is going to offer new energy projects to the market.

    To remind, in Jan 2010 Ameriabank completed its negotiations with FMO
    (Nederlandse. Financierings-Maatschappij voor. Ontwikkelingslanden
    N.V.) and DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH)
    for borrowing $30mln, of which $10mln for crediting small-sized water
    power plants. In Dec 2009 Ameriabank agreed with IFC to implement a
    renewable energy financing project worth $15mln.
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