YEREVAN. – Ameriabank CJSC and FMO (The Dutch development bank) signed a EUR 40 M loan agreement.
This 5-year term facility will be dedicated to finance renewable energy and energy efficiency projects in Armenia, as well as financing young and female entrepreneurs in the country.
“This is another remarkable achievement which we celebrate with our long-standing partner FMO. The renewable energy financing will further promote sustainable development of the clean energy sector while ensuring efficient use of Armenian energy amongst the enterprises and population”, commented Ara Sargsyan, Head Corporate Finance Unit of Ameriabank.
Cooperation between FMO and Ameriabank dates back to 2009 w...