Yerevan/Mediamax/. Netherlands Development Finance Company (FMO) is in process of negotiations on financing one of Armenian banks.

Mediamax reports that FMO General Director on Investments Yurgen Rigterink said this in Yerevan today.

FMO’s first investment practice in Armenia was the loan of USD 30mln, provided to “Ameriabank” jointly with DEG and used for financing renewable energy and small and medium enterprise.

Yurgen Rigterink did not name the next probable Armenian borrower bank, only noting that it is in the list of 10 biggest banks in Armenia.

“The total volume of FMO investments worldwide makes over USD 6.5bln, and we intend to annually increase this sum for USD 1.5bln”, Yurgen Rigterink stated, noting that FMO’s investment interest is directed to the financial sector, residential construction and energy.

Yurgen Rigterink stated that quite probably, in Armenia FMO will not limit itself only to issue of loans, but, in case of necessity, will enter the capital of Armenian banks.