Ameriabank has entered into EUR 16.8 million long-term subordinated loan agreements with several funds managed by responsAbility Investments, including the Global Climate Partnership Fund (GCPF) and funds focusing on micro- and SME finance.

According to the bank, the new long-term facilities enable Ameriabank to strengthen its capital, therefore making sufficient buffer to finance Armenian businesses and green energy projects.

“Financial institutions with inclusive business models play a key role in driving development. We are pleased to partner with Ameriabank, a successful and dynamically evolving institution which actively contributes to funding and greening the Armenian economy,” said responsAbility CEO Rochus Mommartz.

“These facilities will have significant development impact through long-term funding and further loan portfolio growth. We highly value this new level of partnership with our long-standing partners. The use of funds will better serve the interests of our clients in various industries and facilitate further development of the Armenian economy,” noted Artak Hanesyan, CEO of Ameriabank.