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PROPARCO, THE FRENCH DEVELOPMENT FINANCE INSTITUTION, IN PARTNERSHIP WITH AMERIABANK, PRESENTS ITS FIRST FINANCING PROJECT IN ARMENIA
Proparco (Investment and Promotion Company for Economic Cooperation)
and Ameriabank signed a USD 15 million credit facility agreement, it
being the first investment of Proparco in Armenia and the second one
in South Caucasus. The CFA signatories are Mr. Jerome Bertrand-Hardy,
Deputy Chief Investment Officer at Proparco and Mr. Artak Hanesyan,
Chairman of Management Board-General Director at Ameriabank. The
signing ceremony was attended by Ambassador Extraordinary and
Plenipotentiary of France in Armenia Mr. Henri Renaud.
Agribusiness plays a key role in the development of Armenia's economy.
This new financing project implemented by Proparco and Ameriabank
will open new long-term financing opportunities for small and medium
businesses in food processing industry, boosting Armenia's economy
and adding new jobs.
Jerome Bertrand-Hardy said: As a first operation in Armenia, Proparco
is proud to support Ameria Bank, a leading financial institution with a
dynamic growth strategy which supports investments in the agribusiness
sector. This sector is indeed one of the main focuses of Proparco in
the Caucasus region and in Armenia in particular. Its market position,
financial strength, competent management and privileged partnership
with development finance institutions make it a partner of choice".
We welcome Proparco's entry to Armenia. We highly appreciate
our partnership with Proparco, enabling us to diversify our loan
portfolio and increase SME lending. This credit facility will allow
us to keep financing SMEs, particularly those with their focus on
Agribusiness/Food processing, considering them as the main drivers
of our national economy. Under this credit facility SMEs will be
able to obtain long-term financing to expand their businesses,
strengthen their competitiveness " - commented Artak Hanesyan,
Ameriabank General Director.
14:15 18/04/2013 Story from Lragir.am News:
http://www.lragir.am/index.php/eng/0/economy/view/29660
Proparco (Investment and Promotion Company for Economic Cooperation)
and Ameriabank signed a USD 15 million credit facility agreement, it
being the first investment of Proparco in Armenia and the second one
in South Caucasus. The CFA signatories are Mr. Jerome Bertrand-Hardy,
Deputy Chief Investment Officer at Proparco and Mr. Artak Hanesyan,
Chairman of Management Board-General Director at Ameriabank. The
signing ceremony was attended by Ambassador Extraordinary and
Plenipotentiary of France in Armenia Mr. Henri Renaud.
Agribusiness plays a key role in the development of Armenia's economy.
This new financing project implemented by Proparco and Ameriabank
will open new long-term financing opportunities for small and medium
businesses in food processing industry, boosting Armenia's economy
and adding new jobs.
Jerome Bertrand-Hardy said: As a first operation in Armenia, Proparco
is proud to support Ameria Bank, a leading financial institution with a
dynamic growth strategy which supports investments in the agribusiness
sector. This sector is indeed one of the main focuses of Proparco in
the Caucasus region and in Armenia in particular. Its market position,
financial strength, competent management and privileged partnership
with development finance institutions make it a partner of choice".
We welcome Proparco's entry to Armenia. We highly appreciate
our partnership with Proparco, enabling us to diversify our loan
portfolio and increase SME lending. This credit facility will allow
us to keep financing SMEs, particularly those with their focus on
Agribusiness/Food processing, considering them as the main drivers
of our national economy. Under this credit facility SMEs will be
able to obtain long-term financing to expand their businesses,
strengthen their competitiveness " - commented Artak Hanesyan,
Ameriabank General Director.
14:15 18/04/2013 Story from Lragir.am News:
http://www.lragir.am/index.php/eng/0/economy/view/29660