3 UN elections on June 17 including new council members Coronavirus: Which countries appear to be hitting or passing their peak in coronavirus deaths? Pakistan blocks Twitter, Zoom and Periscope to curb critical voices Powerful Cyclone Threatens Mumbai as City Grapples With Coronavirus Boris Johnson lays out visa offer to nearly 3m Hong Kong citizens Calgary’s police chief, union call killing of George Floyd ‘gut-wrenching’ and ‘heartbreaking’ Global Internship Challenge Coronavirus: COVID-19 cases in Spain and Germany rise by nearly 3,000 overnight Thanks to Sanctions, Russia Is Cushioned From Virus’s Economic Shocks LONDON LOCKDOWN What does lockdown mean and when could it start in London? 

OFID and Ameriabank strengthen trade and development in Armenia

Economy

OFID – the OPEC Fund for International Development and Ameriabank have signed a US$25 million loan agreement aimed at supporting trade flows to and from Armenia.

Cooperation between OFID and Ameriabank dates back to 2015.  The first facility supported small- and medium-sized enterprises (SMEs) in Armenia across a diverse range of sectors including wholesale trade, material production, food production and the hotel industry.

The new loan from OFID’s trade finance operations will be used to support the expansion of Ameriabank’s international trade portfolio. Ameriabank is the largest bank in the country by key indicators and is in a strong position to continue contributing to banking sector development.

“Armenia’s economy has experienced sustained growth and ambitious reforms,” said OFID’s Assistant Director-General, Private Sector and Trade Finance Operations, Tareq Alnassar. “Together, OFID and Ameriabank aim to further strengthen socio-economic progress in the region by supporting trade and SMEs – a vital element of all developing economies. Some 80 to 90 percent of world trade relies on trade finance, mostly of a short-term nature, and we are pleased to be able to play our part in encouraging the revival of the complex links and networks involved in the trade finance market to keep finance flowing.”

Ameriabank’s CEO Artak Hanesyan commented: “I am pleased that we have once again joined efforts with OFID; this time to support our clients in organizing their trade activities under more competitive and auspicious conditions. OFID funds will enhance our trade financing capacities and help us open new doors for small and medium-sized businesses to support Armenia’s economy and create new jobs.  I would like to express my appreciation to our partners for their impact on trade finance facilitation volumes, which, I believe, will greatly enhance the development of Armenian economy. ”

 About OFID

OFID works in cooperation with developing country partners and the international donor community to stimulate economic growth and alleviate poverty in all disadvantaged regions of the world. It does this by providing financing to build essential infrastructure, strengthen social services and promote productivity, competitiveness and trade. OFID’s work is people-centered, focusing on projects that meet basic needs – such as food, energy, clean water and sanitation, healthcare and education – with the aim of encouraging self-reliance and inspiring hope for the future.

 About Ameriabank CJSC

Ameriabank is a dynamically developing bank and one of the major and most stable financial institutions   in Armenia. Now Ameriabank CJSC is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. Ameriabank is the leading bank in Armenia as measured by all key financial indicators (assets, liabilities, loans portfolio, net profit and equity) according to the 2018 year reportable data. For further information, please visit www.ameriabank.am .

Հետևե՛ք -ին Youtube-ում`
“Ameria Tour” Draw: Chance to Explore Armenia with Us Leopard can’t change its spots or go “Va banque” for Great Turan «We stand with the Armenian community against violence». Major of LA Eric GarcettiUSA Congressman Tony Cardenas stands in support of the people of Armenia in light of the recent disturbing acts of aggression taken by Azerbaijan"I stand with my fellow Armenians and pray for those that are involved in resent tensions on the border of the country". Kim Kardashian expressed her support to Armenia in defense from Azerbaijan's attackAfter a hot battle, the enemy was thwarted back suffering losses at night A call to stop military operations and to move towards peace. Anna Hakobyan There are no losses from the Armenian side. The Ministry of Defense announced yesterday and this morning what happened on the Armenian-Azerbaijan border3 UN elections on June 17 including new council membersItaly reopens borders - but will tourists travel there?Dozens of GOP donors invited to Pompeo's taxpayer-funded 'Madison Dinners'Paris Black Lives Matter protesters: 'Who protects us from the police?'Missouri: Brothers, six and seven, die after crashing their grandparents' car into treeCoronavirus: Which countries appear to be hitting or passing their peak in coronavirus deaths?Google in $5bn lawsuit for tracking in 'private' modePakistan blocks Twitter, Zoom and Periscope to curb critical voicesPowerful Cyclone Threatens Mumbai as City Grapples With CoronavirusBundesliga roundup: Bayern beat Frankfurt while Dortmund keep paceBoris Johnson lays out visa offer to nearly 3m Hong Kong citizensCalgary’s police chief, union call killing of George Floyd ‘gut-wrenching’ and ‘heartbreaking’Tatevik Hovhannisyan: Human faces come to replace logosMoody's Reaffirms Ameriabank Ba3 Rating with Stable Outlook Global Internship ChallengeCoronavirus: COVID-19 cases in Spain and Germany rise by nearly 3,000 overnightCoronavirus Live Updates: Senators Near Deal on a $1 Trillion Rescue PlanThanks to Sanctions, Russia Is Cushioned From Virus’s Economic ShocksNorth Korea Fires Short-Range Ballistic Missiles, South SaysLONDON LOCKDOWN What does lockdown mean and when could it start in London?Kenny Rogers, country music star, dies aged 81'Nature is taking back Venice': wildlife returns to tourist-free cityFate of US brewery in drought-hit Mexico goes to Amlo pollCoronavirus: When will the outbreak end and life get back to normal?Adjarabet donated 50 million AMD to fight against COVID-19Was Tulip Mania really the first great financial bubble?New York houses frozen in ice by water and wind from Lake ErieDrug shortage fears as India limits exportsIsrael election: Netanyahu seeks defectors after failing to secure majorityFacebook 'rethinks' plans for Libra cryptocurrencyAfghan conflict: US conducts first air strike on Taliban since dealDeadly tornadoes kill 25 and injure many in TennesseeProfile: Third White House run for 'Middle Class Joe'Coronavirus: Men wanted over 'racist' Oxford Street attack on studentAmeriabank as a Promoter of Armenian Culture: Launch of “An Armenian Odyssey: The Color of Pomegranates” Festival GeoProMining directed 110 million AMD /230 thousand dollars/ to the project of gasification of the schoolsAmeriabank Receives Two IFC Awards for Achievements in Trade-Finance SectorNew offer for iPhone fans Australian Open 'is happening' despite air quality concerns, says tournament directorJames Bond producer says 007 will always be maleMan arrested in Peru airport with 20 birds in suitcaseRising sea levels threaten sovereign credit ratings: Moody's
Most Popular