Ameriabank enters into EUR 16.8M long-term subordinated loan agreements with several funds managed by responsAbility Investments including the Global Climate Partnership Fund (GCPF) as well as funds focusing on micro- and SME finance. The new long-term facilities enable Ameriabank to strengthen its capital, therefore making sufficient buffer to finance Armenian businesses and green energy projects.
Speaking on behalf of responsAbility, CEO Rochus Mommartz underlined: “Financial institutions with inclusive business models play a key role in driving development. We are pleased to partner with Ameriabank, a successful and dynamically evolving institution which actively contributes to funding and greening the Armenian economy.”
These facilities will have significant development impact through long-term funding and further loan portfolio growth – noted Artak Hanesyan, CEO of Ameriabank – we highly value this new level of partnership with our long standing partners. The use of funds will better serve the interests of our clients in various industries and facilitate further development of the Armenian economy”.
About Ameriabank CJSC
Ameriabank is a dynamically developing bank and one of the major and most stable financial institutions in Armenia. The first investment bank in Armenia, Ameriabank has been providing a large package of innovative banking services since 2007. Now Ameriabank CJSC is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. Ameriabank is the leading bank in Armenia as measured by all key financial indicators (assets, liabilities, loans portfolio, net profit and equity) according to the 2018 year reportable data.
For further information, please visit www.ameriabank.am .
A leading asset manager for impact investments in emerging economies, responsAbility manages USD 3 bn of assets through a variety of investment vehicles that provide private debt and private equity to some 540 companies with inclusive business models across 90 countries. Founded in 2003, the company is headquartered in Zurich, Switzerland, and has local offices in Bangkok, Geneva, Hong Kong, Lima, Luxembourg, Mumbai, Nairobi, Oslo and Paris.