Mon, 28 July
30.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenian Ameriabank plans to distribute $25 million of loans to finance renewable energy projects

YEREVAN, March 5, /ARKA/. Armenian Ameriabank plans to distribute $25 million of loans in the first half of 2010 within the frameworks of renewable energy projects signed with International Financial Corporation (IFC), FMO and DEG, Artak Hanesyan, Ameribank CEO told Thursday.

‘We signed two agreements on renewable energy, worth $15 million and $5 million. We have already approved $10 million worth loans to finance these projects and another projects worth $6 million are under consideration,’ he said.

Artak Hanesyan added also that Ameriabank was negotiating a loan with the EBRD which he said would be channeled into renewable energy projects.

FMO is the international development bank of the Netherlands. FMO invests risk capital in companies and financial institutions in developing countries. FMO’s investment portfolio is €3.4 billion and it is one of the largest bilateral development banks worldwide.

DEG – Deutsche Investitions und Entwicklungsgesellschaft MBH (KfW banking group), has been financing and structuring the investments of private enterprises in developing and transition countries for more than 45 years. -0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Armenian Market: Acceleration of Economic Activity is Positive for the Market

In the period from June 16 to June 30, 2025, the Armenian stock market demonstrated mixed dynamics.

 Law on Cryptoassets enters into force in Armenia

The Law on Cryptoassets entered into force on July 4, 2025, the press service of the Central Bank of Armenia reports.

LATEST NEWS

spot_imgspot_imgspot_img