HERE AND BEYOND
Proparco and Ameriabank signed USD 20 million Credit Facility Agreement 
Media Room

Proparco (subsidiary of Agence Française de Développement focused on private sector development) and Ameriabank signed a 20 million USD credit facility agreement. The financing will be directed to energy efficiency, renewable energy, agribusiness, food processing, education and healthcare projects in Armenia. This is crucial for supporting business, speeding up economic growth, increasing employment. The long-term financing with flexible terms will support the growth and expansion of business activities in the country and increase competitiveness of Armenian companies both on local and export markets.

This is a repeat transaction that Ameriabank and Proparco have signed since year 2013 when Proparco signed its first credit facility agreement in Armenia and disbursed 15 million USD to Ameriabank for SME, energy efficiency and renewable energy project financing. Three years later Proparco expanded the range of economic sectors to be financed by the new credit facility agreement signed with Ameriabank.

“We are pleased about the relationship starting from 2013 with AmeriaBank, the leading financial institution in Armenia. This new financing of 20 million USD will enable AmeriaBank to develop its project portfolio in renewable energy and support the bank’s growth in the sectors of social housing, farming, health and education. Supporting those sectors is clearly in Proparco and AFD’s mandate. ”, – said Guillaume Barberousse, Head of FI, Proparco.

“Ameriabank highly appreciates the cooperation with Proparco. The second larger in its size credit facility agreement will undoubtedly expand the scope of our cooperation, serving a wider group of our Clients from various areas. We believe that this is a remarkable day for Armenian and French business relations. This agreement will serve as a solid ground in creating new opportunities for Ameriabank’s loan portfolio diversification in key infrastructures of Armenian economy. ”, – said Artak Hanesyan, CEO, Ameriabank.

 


About PROPARCO

Proparco is a subsidiary of Agence Française de Développement (AFD) focused on private sector development. It has been promoting sustainable economic, social and environmental development practices for almost 40 years.
Proparco provides funding and support to both businesses and financial institutions across Africa, Asia, Latin America and the Middle-East.
It seeks to partner projects in key development sectors – infrastructure (with a specific focus on renewable energies), agribusiness, financial institutions, healthcare and education, etc. – and to boost the contribution of the private sector to achieving the sustainable development goals adopted by the international community in 2015. As a means to this end, Proparco finances businesses that are instrumental in creating decent jobs that pay decent wages, in supplying essential goods and services and in battling climate change.
For further information, please visit www.proparco.fr http:// www.proparco.fr  


About Ameriabank

Ameriabank is a dynamically developing bank and one of the major and most stable financial institutions in Armenia. The first investment bank in Armenia, Ameriabank has been providing a large package of innovative banking services since 2007. Now Ameriabank CJSC is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. It is also the largest taxpayer among Armenian banks. Ameriabank is the first bank in Armenia that has exceeded the threshold USD 1billion in assets since the formation of modern banking system of independent Armenia in 1992.
 

Updated 29.11.2016, 19:54
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