AMERIABANK CJSC
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Ameriabank is a privately-owned bank in Armenia offering a range of financial and advisory services with a focus on the corporate and Small and Medium-sized Enterprises (SME) segments and a leading position in renewable energy. Ameria Group has more than 600 employees, around USD 950 million in assets and branches across the country . Ameriabank is an existing FMO client since 2009, and in 2010 was the recipient of FMOs first margin reduction for the successful implementation of its environmental and social management system.
What is our funding objective?
Ameriabank has mandated FMO to arrange the USD 25 million syndicated term facility, of which USD 15 million is provided by FMO and USD 10 million by Oesterreichische Entwicklungsbank AG (OeEB). This long-term facility will be dedicated to financing of SMEs, as well as renewable energy projects in Armenia.
Why do we fund this investment?
The syndicated term facility provided by FMO and OeEB will support the growth in business activities in Armenia by facilitating access to finance for local SMEs. SMEs play an essential role for the development and stability of Armenia’s economy, assessed at around 40 percent of the country’s GDP and most of its employment. The facility further contributes to increasing sustainable energy production by supporting the financing of renewable energy projects in Armenia.
More investments
- Website customer/investment
- http://www.ameriabank.am
- Region
- Europe & Central Asia
- Country
- Armenia
- Sector
- Financial Institutions
- Effective date
- 11/25/2015
- End date
- 9/21/2020
- Total FMO financing
- USD 8.05 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B