Ameriabank signs 80th deal under EBRD TFPJanuary 23, 2015 - 19:30 AMT PanARMENIAN.Net - Ameriabank signed their 80th trade finance deal covered by the Trade Facilitation Programme of the European Bank for Reconstruction and Development (EBRD). The cooperation between the bank and the EBRD commenced on Sept 30, 2010 and since then trade finance deals in the total amount of over USD70 million have been signed. Ameriabank highly appreciates the long-standing partnership with the EBRD, as one of the most reputable international organizations, the bank said in a press release. This partnership has enabled the bank to finance many local companies, including small and medium businesses, in various sectors of Armenian economy with flexible, tailor-made terms. The EBRD granted “confirming bank” status to Ameriabank in 2013, which availed Ameriabank with new capacities. More specifically, trade finance tools such as LCs and bank guarantees became more accessible for local exporters. In May 2014 Ameriabank won the EBRD’s TFP Deal of the Year Award. This award is granted annually by the EBRD only to one bank from among its partner banks all over the EBRD’s countries of operations. During their long-standing cooperation Ameriabank and the EBRD have co-financed several key projects fostering Armenian economy, in particular in the sectors of telecommunication, energy, agricultural, trade, manufacturing, etc. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |