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Armenian Ameriabank intends to attract $50 million from IFC, FMO/DEG

27.01.2010 19:50

Armenian Ameriabank intends to attract $50 million from IFC, FMO/DEG

YEREVAN, January 27. /ARKA/. Armenian Ameriabank intends to borrow $50 million from international organizations for financing three credit programs, Artak Hanesyan, director general of Ameriabank, said Tuesday at a pres conference.

“We intend to sign relevant agreements with AFC, FMO and DEG in 2010 for attracting $50 million from them. The negotiations over the matter are coming to an end and we are working out contracts now,” he said.

Hanesyan said that these funds will be targeted for three programs – small and mid-scale business crediting large business crediting and trade financing.

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