Yerevan/Mediamax/. Lars H. Thunell, Executive Vice President and CEO of International Finance Corporation (IFC) visited “Ameriabank” within the framework of his visit to Armenia, where he discussed with the leadership the options for bilateral cooperation.

As Mediamax was informed in the press service of the Bank, Lars Thunell was presented with account of how IFC funds are being spent under the :Ameriabank” lending projects.

The attendees highlighted that “Ameriabank” has on-lent the IFC funds successfully and in a time-efficient manner. The IFC facilities provided to Ameriabank include a 10 million US dollar credit limit for international trade finance and a 15 million US dollar renewable energy (small hydro power plant) loan.

Due to IFC loans, “Ameriabank” joined the IFC Global Trade Finance Program (GTFP), receving 100% guarantees on its clients’ import and export operations. It also funded 8 small hydro power plant projects in Vayots Dzor, Gegharkunik and Lori regions of Armenia with overall installed power of 26.08 MWt and expected output of 80.6 mln KWtph.