Ameriabank inks subordinated loan deals with GCPF, responsAbilityFebruary 7, 2019 - 18:09 AMT PanARMENIAN.Net - Ameriabank is entering into EUR 16.8M long-term subordinated loan agreements with several funds managed by responsAbility Investments including the Global Climate Partnership Fund (GCPF) as well as funds focusing on micro- and SME finance. The new long-term facilities enable Ameriabank to strengthen its capital, therefore making sufficient buffer to finance Armenian businesses and green energy projects. Speaking on behalf of responsAbility, CEO Rochus Mommartz said: “Financial institutions with inclusive business models play a key role in driving development. We are pleased to partner with Ameriabank, a successful and dynamically evolving institution which actively contributes to funding and greening the Armenian economy.” The facilities will have significant development impact through long-term funding and further loan portfolio growth – noted Artak Hanesyan, CEO of Ameriabank - we highly value this new level of partnership with our long standing partners. The use of funds will better serve the interests of our clients in various industries and facilitate further development of the Armenian economy”. 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 | Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |