02 / June / 2021 : 12-52
BSTDB Provides EUR 23 million Loan to Ameriabank to Boost SME Financing in ArmeniaThe Black Sea Trade and Development Bank (BSTDB) is providing a five-year EUR 23 million loan to Ameriabank to expand access to finance for Armenian small and medium-sized enterprises (SMEs).
The BSTDB’s financing will support liquidity and working capital needs of industrial and agricultural SMEs, promote exports and facilitate the private sector growth and employment in Armenia.
“We are pleased to further strengthen our established cooperation with Ameriabank - a market leader in Armenia and BSTDB trusted partner since 2014. Thanks to our successful partnership, we have been able to reach out to many SMEs in the country and inject a total of USD 25 million, which otherwise we would not have been able to do directly. Our new financing is part of BSTDB’s continued efforts to help combat the impact of the coronavirus and support the post-pandemic recovery of Armenian economy and we are proud that it comes at a time when development support is most needed”, said Dmitry Pankin, BSTDB President.
“We are happy that our long-lasting effective cooperation with the Black Sea Trade and Development Bank has enabled us to implement a number of successful projects. The attracted funds give us the opportunity to provide long-term financing to small and medium enterprises operating in Armenia, thus contributing to development of the sector and enhancement of competitiveness and strengthening the SMEs’ position in the target markets. This is the third loan instrument issued to Ameriabank by the Black Sea Trade and Development Bank for the purpose of SME financing. We hope that cooperation between BSTDB and Ameriabank will be continuous, since implementation of target support projects developed for the SME sector is one of the most important directions both for our partners and us.”, said Artak Hanesyan, CEO of Ameriabank.
The new loan to Ameriabank will bring the total BSTDB’s assistance to the SME sector development in Armenia through local financial institutions to over USD 100 million. Ameriabank CJSC Ameriabank is a dynamically developing bank and one of the most stable and largest financial institutions in Armenia.
Ameriabank CJSC is a universal bank rendering corporate, investment and retail services in a comprehensive package of banking solutions. Based on 2020 results, Ameriabank is the leader in the Armenian banking sector by its financial indicators (assets, liabilities, loan portfolio, capital). The principal activities are deposit taking and account management, lending, issuing guarantees, cash and settlement operations, transactions with securities and foreign exchange. For further information, please visit www.ameriabank.am or call (+37410) 56 11 11.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. BSTDB is rated long-term “A-” by Standard and Poor’s, “A2” by Moody’s and “A+” by the Russian credit rating agency ACRA. For information on BSTDB, visit www.bstdb.org or email: [email protected].
24 / February / 2020
US 'locked and loaded' as oil prices surge after Saudi oil attack
The US reiterated its stance that Iran was behind Sunday's attacks on Saudi Arabian crude oil facilities, despite a claim from Houthi rebels that they launched the attack from Yemen. The strikes...
29 / February / 2020
The Protocols Were Wrong to Begin With
BY ARA KHACHATOURIAN President Serzh Sarkisian’s announcement Thursday declaring the Turkey-Armenia Protocols null and void is not cause for celebration, but rather yet another opportunity to...
29 / February / 2020
Sumgait Continues to Serve As a Blueprint for Baku’s Savagery
Warning: This post contains graphic images BY ARA KHACHATOURIAN In 1988, it was unimaginable that in the latter days of the 20th century Armenians would experience the same savage carnage that...
28 / February / 2020
Slogan of La Francophonie Summit in Yerevan is “Living Together”
YEREVAN.- Armenian Foreign Minister Edward Nalbandian talked on Friday about preparations for the 2018 International Organization of La Francophonie (OIF) Summit, sessions of other statutory bodies...
15 / March / 2020
Ian Goldin: Coronavirus will hit economy like 2008 crash
Six years ago globalisation and development expert Ian Goldin predicted that the next economic crash would be caused by a pandemic. Mr Goldin told Hardtalk's Zeinab Badawi that the economic effects...
15 / March / 2020
Coronavirus updates live: Hoboken, New Jerse, mayor orders curfew
People gather on a cafe terrace in Lyon, France, after it was announced Saturday that all non-essential public places, including restaurants and cafes, would be closed at midnight. President Donald...
17 / March / 2020
Coronavirus: Macron announces French lockdown to stop spread of COVID-19
President Emmanuel Macron criticised French people who had not taken restrictions on movement seriously and announced a range of further public health measures to stop the spread of COVID-19. In a...
23 / March / 2020
Punishing sanctions against Iran are turning the coronavirus pandemic into a massacre
Coronavirus is a crisis. In Iran, it’s a massacre - because of Trump’s sanctions. Even before COVID-19, these sanctions were recognised by Human Rights Watch as undermining access to...