AMERIABANK TO RECEIVE $30 MILLION LOAN FROM DUTCH FMO AND DEG
ARKA
Jan 13, 2010
YEREVAN, January 13, /ARKA/. Armenia-based Ameriabank is set
to receive $30 million worth loans from two large Dutch lending
organizations- Dutch FMO (Nederlandse financierings-maatschappij
voor ontwikkelingslanden n.v.) and DEG (Deutsche investitiÑ… ons –
und entwicklungsgesellschaft MBH).
A press release by Ameriabank said it has completed talks with both
organizations and will direct $20 million at boosting businesses
and $10 million will be spent to finance small-scale renewable
energy projects, particularly, to help construct hydropower plants
and windmills.
According to the press release, the loans will be allocated for a
longer term. Only companies with annual turnover of 5 million to 5
billion Drams and with a staff no more than 250 people will qualify
for credits.
The amount of credits will vary from $1.5 million to $5 million.
Ameriabank was established on the basis Armenian Import-Export Bank.
In April of 1995, the majority of shares of the bank were taken up by
a foreign investor, who doubled the capital. In August of 2007 96%
of the bank was obtained by "TDA Holdings Limited", an investment
company affiliated to the leading Russian investment bank – Troika
Dialog. In June of 2008 the bank changed its name to Ameriabank
CJSC. ($1 – 378.08 Drams).
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Direct link to this article: https://www.armenianclub.com/2010/01/14/ameriabank-to-receive-30-million-loan-from-dutch-fmo-and-deg/