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EBRD And Ameriabank To Sign Agreement For Co-Financing Big Business

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  • EBRD And Ameriabank To Sign Agreement For Co-Financing Big Business

    EBRD AND AMERIABANK TO SIGN AGREEMENT FOR CO-FINANCING BIG BUSINESS

    Arminfo
    23.02.2010

    Arminfo.In early Mar 2010 EBRD and Ameriabank will sign a $10mln
    agreement for co-financing big business, says Head of EBRD Yerevan
    Office Valeriu Razlog.

    He says that EBRD is implementing a similar program with HSBC Bank
    Armenia, Anelik Bank, Armeconombank, Araratbank, Byblos Bank Armenia.

    Razlog says that he would call this program co-financing of
    medium-sized rather than large business.

    According to the Ranking of Commercial Banks of Armenia prepared by
    the Agency of Rating Marketing Information (ArmInfo), as of Jan 1 2010
    Ameriabank was among the ten leading commercial banks of the country
    with 67.8bln AMD credit portfolio (4th place). 24.6% of the loans
    (16.7bln AMD) is provided to the industry. The majority shareholder
    of Ameriabank (99.9% stake) is TDA Holdings Limited, affiliate of
    Troika Dialog.
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