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AMERIABANK INTENDS TO RECEIVE $50 MLN IN 2010
ArmInfo
26.01.2010
ArmInfo. Ameriabank intends to receive $50 mln in 2010 within the
frames of international programmes: $25 mln in the first and second
quarters each. These funds will be directed to refinancing of the funds
the bank has already issued at the cost of the own resources. As
Director General of Ameriabank Artak Anesyan told ArmInfo, the
matter concerns three programmes, in particular, two IFC programmes
on financing of trading operations and renewable energy (small HPPs),
FMO and DEG - on financing of business and small HPPs.
He recalled that the agreements on these programmes were signed in
2009: the first - in July with the International Financial Corporation
(IFC) to $5 mln on the global trade financing programme (GTFP), the
second - in December with IFC to $15 mln for financing of renewable
energy (small HPPs), and the third - at late December with FMO and DEG
to $30 mln for business financing ($20 mln for SME, however, judging
by the required criteria, the matter rather concerns medium and even
large business for the Armenian market) and small HPPs ($10 mln).
According to A. Anesyan, within the frames of these programmes,
Ameriabank has already approved an energy portfolio to the sum of $6
mln for financing, and the portfolio on SME financing to be refinanced
makes up $10 mln.
He added that negotiations with international structures for
involvement in new programmes and attraction of funds are going on.
According to the data of Ameriabank, the bank assured 73,6% growth
of the credit portfolio over 2009, to 54.1 bln drams, the share of
which in total assets exceeded 52%. No bad loans have been fixed in
the bank's credit portfolio as of late, 2009, and 0,12% fell on the
classified credits. Growth of the bank's credit portfolio in 2009 by
almost 90% was assured at the cost of corporate clients, the volume
of which in 2009 grew by 80% to 45.9 bln drams (85% of the bank's
total credit portfolio). Along with it, the volume of crediting of
individual persons in 2009 grew by 35,4%.
From: Emil Lazarian | Ararat NewsPress
ArmInfo
26.01.2010
ArmInfo. Ameriabank intends to receive $50 mln in 2010 within the
frames of international programmes: $25 mln in the first and second
quarters each. These funds will be directed to refinancing of the funds
the bank has already issued at the cost of the own resources. As
Director General of Ameriabank Artak Anesyan told ArmInfo, the
matter concerns three programmes, in particular, two IFC programmes
on financing of trading operations and renewable energy (small HPPs),
FMO and DEG - on financing of business and small HPPs.
He recalled that the agreements on these programmes were signed in
2009: the first - in July with the International Financial Corporation
(IFC) to $5 mln on the global trade financing programme (GTFP), the
second - in December with IFC to $15 mln for financing of renewable
energy (small HPPs), and the third - at late December with FMO and DEG
to $30 mln for business financing ($20 mln for SME, however, judging
by the required criteria, the matter rather concerns medium and even
large business for the Armenian market) and small HPPs ($10 mln).
According to A. Anesyan, within the frames of these programmes,
Ameriabank has already approved an energy portfolio to the sum of $6
mln for financing, and the portfolio on SME financing to be refinanced
makes up $10 mln.
He added that negotiations with international structures for
involvement in new programmes and attraction of funds are going on.
According to the data of Ameriabank, the bank assured 73,6% growth
of the credit portfolio over 2009, to 54.1 bln drams, the share of
which in total assets exceeded 52%. No bad loans have been fixed in
the bank's credit portfolio as of late, 2009, and 0,12% fell on the
classified credits. Growth of the bank's credit portfolio in 2009 by
almost 90% was assured at the cost of corporate clients, the volume
of which in 2009 grew by 80% to 45.9 bln drams (85% of the bank's
total credit portfolio). Along with it, the volume of crediting of
individual persons in 2009 grew by 35,4%.
From: Emil Lazarian | Ararat NewsPress