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Ameriabank Helps Negotiate Loans for Elite Group

14.07.2010 10:59

Ameriabank Helps Negotiate Loans for Elite Group

YEREVAN, July 14, /ARKA/. As  an investment bank  Armenian Ameriabank has successfully negotiated attraction of two loans from two major international  lending organizations  to support  construction of Elite Plaza, the first high-class multipurpose office building in Yerevan.

According to a press release by Ameriabank, IFC, a member of the World Bank Group and the European Bank for Reconstruction and Development  will provide loans of $5.4 million and $3.6 million, respectively, to Elite Group, one of the leading property development companies to build an 18-store building that will accommodate office, retail, conference, and exhibition areas to meet the growing demand for high-quality office space in Armenia.

Ameriabank said it  acted as a financial and legal consultant for negotiating the loan and secured development of required financial models, provision of consulting services, conduction of talks and  signing contracts as well as other assistance.

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