{"id":88500,"date":"2015-06-09T14:20:17","date_gmt":"2015-06-09T14:20:17","guid":{"rendered":"https:\/\/armbanks.am\/2015\/06\/09\/243038\/"},"modified":"2024-12-15T13:18:29","modified_gmt":"2024-12-15T13:18:29","slug":"ofid-provides-20-million-loan-to-armenian-ameriabank","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/06\/09\/88500\/","title":{"rendered":"OFID provides $20 million loan to Armenian Ameriabank"},"content":{"rendered":"<p><strong>YEREVAN, June 9. \/ ARKA \/.<\/strong> The OPEC Fund for International Development (OFID) has signed a $20m loan agreement with Ameriabank of Armenia. The transaction represents OFID\u2019s largest loan to a local commercial bank in the country.<\/p>\n<p>The loan is granted for a period of 7 years and will be used to finance Armenia\u2019s small and medium-sized enterprises (SMEs), which account for 35-40% of Armenia&#8217;s GDP, Ameriabank said in a press release today.<\/p>\n<p>Ameriabank CEO Artak Hanesyan is quoted as saying that the Bank appreciates highly the establishment of new partnerships with OFID.<\/p>\n<p>&#8220;Attraction of new financial resources will allow us to increase lending to SMEs and secure long-term financing of this sector. This will in turn contribute to the expansion of their operations, increase their competitiveness, create new jobs and boost the economic development of Armenia,&#8221; he said.<\/p>\n<p>By expanding its relationship with leading international organizations Ameriabank has attracted so far a total of $320 million in financial resources.<\/p>\n<p>OFID was established in 1976 by OPEC member countries to promote economic and social progress and to provide financial assistance to developing countries.<\/p>\n<p>Ameriabank is a universal bank providing investment, corporate and retail banking services in a comprehensive package of banking solutions. It is the first investment bank in Armenia that has been providing a wide range of innovative banking services since 2007.<\/p>\n<p>The bank\u2019s assets in the first quarter of 2015 declined by 3.5% year-on-year to 385.8 billion drams, liabilities fell by 4.3% to about 342 billion drams; its total capital upped by 3.3% to 43.75 billion drams and credit investments slashed by 11.2% to about 266.7 billion drams. The bank also earned about 1.5 billion drams in net profit, up 1.7% from the same time span of 2014. ($1 \u2013 476.24 drams). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The OPEC Fund for International Development (OFID) has signed a $20m loan agreement with Ameriabank of Armenia. The transaction represents OFID\u2019s largest loan to a local commercial bank in the country<\/p>\n","protected":false},"author":1,"featured_media":166771,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15615,15837,15927],"class_list":{"0":"post-88500","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-ameriabank-2","10":"tag-armenia-2","11":"tag-ofid-3"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/88500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=88500"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/88500\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/166771"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=88500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=88500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=88500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}