Ameriabank has signed a USD 11.5 million senior loan agreement with Symbiotics organization with a possibility to increase the amount by an additional USD 10 million in hard or local currency.

According to the bank, the loan facility is aimed at financing micro, small or medium enterprise clients of Ameriabank.

“We are pleased to announce about a new loan facility aimed at micro and SME financing, which is a strategic priority for Ameriabank.  This is our first transaction with a new valuable partner - Symbiotics, and we look forward to our long-term fruitful cooperation,” CEO of Ameriabank Artak Hanesyan said.

“We are delighted to establish a new partnership with such a reputable and innovative bank as Ameriabank and look forward to our valued cooperation in championing the development and growth of micro-, small- and medium-sized enterprises in Armenia,” Director of Investments at Symbiotics Daniel Schriber said.