Tuesday, May 22 2018 13:07

ArmInfo. The Black Sea Trade and Development Bank (BSTDB) and Ameriabank signed the second loan agreement for $ 15 million for a period of 5 years to provide  financial support to Armenia's small and medium-sized businesses.  Ameriabank press service told ArmInfo.  

 

"SME development is a common goal and a key priority for the two banks. Thanks to these funds, Ameriabank will be able to provide long-term financing to small and  medium-sized enterprises in Armenia, which is so necessary for  growth, increasing the competitiveness of SMEs and creating new  jobs," the Bank said in its official message.

Director General of Ameriabank Artak Anesyan noted that the loan will  help Ameriabank to strengthen its positions in the SME lending market  and expand the opportunities for support aimed at developing the  country's economy. "We are honored to continue partnership with the  Black Sea Trade and Development Bank," he said.

The vice president of BSTDB on banking Igor Leshukov stressed that  within the framework of today's agreement, a loan on SMEs is the  second provided to Ameriabank. "We are glad to continue cooperation  with the leader of the banking sector and implement our strategic  plans for Armenia, giving the bank an opportunity to contribute to  the development of the country's economy in general and the SME  sector in particular," he concluded.

According to the Financial Rating of Armenian Banks as of December  31, 2012, prepared by IC ArmInfo, Ameriabank continues to lead in  terms of key financial indicators. The bank's assets amounted to  677.7 billion drams ($ 1.4 billion, the first position), credit  investments - 487.4 billion drams (over $ 1 billion, 1st position).  In the loan portfolio of the Bank, the share of SME loans accounts  for over 18% or 84.7 billion drams ($ 175 million, the 2nd position  on the market). In the total lending to SMEs on the banking market,  Ameriabank's share reaches 13%. In 2017, the Bank completed with a  net profit of 7.7 billion drams ($ 16 million, 1st position), with  growth of 24%.

CJSC Ameriabank is a universal bank that provides investment,  corporate and retail banking services in the form of a comprehensive  package of banking solutions. The bank has been operating in the  Armenian market since October 31, 1996. The branch network of  Ameriabank includes 14 divisions, out of which 9 are metropolitan and  5 are regional ones. With the entry of a new shareholder in  Ameriabank's capital, the equity participation was distributed as  follows: Ameria Group CY Ltd. - 56.6%, EBRD - 17.8%, Asian  Development Bank - 13.9% and ESPS Holding Limited - 11.7%.  Distinctive awards: from Euromoney (2017, 2016, 2014, 2012, 2011),  from Global Finance (2017, 2016, 2015, 2013, 2012), from The Banker /  FT (2017, 2016, 2015, 2013, 2010), from Commerzbank has been awarded  the "STP-Award" award since 2008.

The Black Sea Trade and Development Bank (BSTDB) is an international  financial organization founded by Albania, Armenia, Azerbaijan,  Bulgaria, Greece, Georgia, Moldova, Russia, Romania, Turkey and  Ukraine. The headquarters of BSTDB is located in Thessaloniki  (Greece). BSTDB supports economic development and regional  cooperation by providing loans, credit lines, capital and guarantees  for projects and trade finance to public and private sector companies  in participating countries. The authorized capital of the Bank is  3.45 billion euros. BSTDB received a long-term rating "A-" from the  agency Standard and Poor's and "A2" - from Moody's.