Mon, 15 September
21.1 C
Yerevan
USD: 383.12 RUB: 4.62 EUR: 450.36 GEL: 141.63 GBP: 521.31

Ameriabank Negotiating To Attract $50 Million From International Financial Organizations

YEREVAN, July 9. /ARKA/. Armenian Ameriabank plans to attract $50 million from international financial organizations this year, Tigran Jrbashyan, development director of the bank, said on Friday.

He told journalists that negotiations over the matter are under way now.

“The final results of negotiations will be announced in September or October,” he said.

Jrbashyan also said that Ameriabank is negotiating not only with international financial organizations, which have already become traditional partners to the bank, but also with new establishments, which will appear in Armenia as new sources of financing.

He refrained from revealing details of the expected cooperation, and only said that the attracted financial resources would be lent to small and mid-scale businesses as well as energy and food-processing sectors.
In 2010, Ameriabank attracted $130 million from International Finance Corporation, FMO (Dutch financial development institution), DEG (member of KfW Bankengruppe) and European Bank for Reconstruction and Development.

Ameriabank’s outstanding loan portfolio has grown 12% since the beginning of this year reaching AMD 115 billion by late June (60% year-on-year growth).

The Ameriabank CJSC (former Armimpexbank) founded in July 1992 using the facilities of the Armenian branch of the USSR Vnesheconombank (Foreign Economy Bank) is a universal bank providing investment, corporate and retail banking services. On September 8, 1992, the bank received a banking license from the Central Bank of Armenia.

In August 2007, TDA Holdings limited, affiliated with Troika Dialogue, Russia’s leading investment company, purchased the bank’s shares. ($1 = 369.21 drams) –0—

spot_img

POPULAR

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Central Bank of Armenia initiates discussions on draft by-laws related to Law on Cryptoassets

The Central Bank of Armenia is set to conduct a public discussion on  the draft by-laws essential for implementing the Law on Cryptoassets, which became effective on July 4 of this year, as reported by the regulator's press service.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img