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 the Republic of Armenia offering a wide 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. The bank has around 700 employees and USD 1.4bn in assets and branches across the country . Ameriabank is an existing FMO client since 2009.
What is our funding objective?
Purpose of the intended facility is to support and promote the increasing trade finance activities of the bank.
Why do we fund this investment?
The improving Armenian economy offers increasing opportunities for trade finance. The bank is an existing FMO customer with a good track record. The proposed facility contributes to economic development in the Republic of Armenia.
What is the Environmental and Social categorization rationale?
This facility has been categorised as Category B in accordance with FMO’s Sustainability Policy. The trade finance activities are deemed to have potential limited adverse environmental and social risks and/or impacts. As part of this facility, the bank will be required to apply the EDFI Exclusion List and national E&S laws and regulations.
More investments
- Website customer/investment
- http://www.ameriabank.am
- Region
- Europe & Central Asia
- Country
- Armenia
- Sector
- Financial Institutions
- Publication date
- 3/27/2019
- Effective date
- 5/17/2019
- End date
- 6/14/2021
- Total FMO financing
- USD 5.00 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