On November 30 Ameriabank and the Dutch development bank (FMO) signed a loan agreement in the sum of USD 30m.
 
The bank remarked that the loan facility is aimed at financing SMEs led by young entrepreneurs and younger retail clientele.

“We highly appreciate the relationship with our long standing partner, which started back in 2009. Today we are pleased to announce about a new loan facility agreement, continuing our successful cooperation.  SME and retail business development is one of Ameriabank’s strategic priorities, and we see huge potential in youth SME and retail businesses, so expect this new loan facility to be successfully utilized,” CEO of Ameriabank Artak Hanesyan commented.

“FMO is proud to continue its strong and successful relationship with Ameriabank, supporting the further economic development of Armenia. This new loan facility will enable Ameriabank to continue its growth and helps support job creation in the country,” FMO’s Chief Investment Officer Linda Broekhuizen said.

Ameriabank stressed that this loan facility will help increase SME lending volume and will trigger development of SMEs in Armenia, as well as enhancement of their competitiveness in local and international markets.