EBRD supports Armenia’s private sector in upgrading technologies to EU standards
The European Bank for Reconstruction and Development (EBRD) is providing a US$ 25 million financial
support to Ameriabank
for on-lending to private businesses in the country.
As part of the financing package Ameriabank will receive US$ 10 million under the Women in Business (WiB)
programme for on-lending in local currency to women-led small and medium-sized businesses (SMEs). The
programme combines financing, technical assistance, risk mitigation in the form of first-loss cover for local
Additional US$ 10 million will be to support the development of the local micro, small and medium size
on-lending to local SMEs with export potential for investments in upgrading technologies and services to the
EU standards while promoting the use of green technologies.
The EU4Business-EBRD Credit Line is a flagship initiative helping local companies increase their
competitiveness at home and abroad by upgrading their production facilities and processes to the EU
standards. At least 70 per cent of the loan proceeds will be used to finance investments in green technologies
incentive grants and technical advice, both funded by the EU under the EU4Business
Ameriabank is one of the leading banks in Armenia and ranked first by assets, loan portfolio and clients
accounts and deposits. It is a major contributor to the Armenian economy, with assets exceeding AMD 1
trillion. Being a dynamically developing universal bank, Ameriabank provides a large package of innovative
banking services through its omni-channel distribution platform and with clear focus on digital products.
The EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 38 economies
across three continents. The Bank is owned by 67 countries as well as the EU and the EIB. EBRD investments are aimed at making the
economies in its regions competitive, inclusive, well-governed, green, resilient and integrated. Follow us on the web, Facebook,
LinkedIn, Instagram, Twitter and YouTube.
Ameriabank is committed to doing business responsibly and advancing Armenia’s transition towards a
sustainable future. Since 2015 the EBRD is also a shareholder in the bank holding a 17.8 per cent stake.
The EBRD is a leading institutional investor in Armenia. The Bank has invested more than €1.51 billion in 189
projects in the country’s financial, corporate, infrastructure and energy sectors, with 88 per cent of those
investments in the private sector.
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