HERE AND BEYOND
Ameriabank concludes negotiations on USD 30 million loan granted by FMO and DEG
Media Room
Ameriabank concluded negotiations on attracting debt financing from two prominent DFIs - FMO (THE NETHERLANDS DEVELOPMENT FINANCE COMPANY) and DEG - DEUTSCHE INVESTITIONS- UND ENTWICKLUNGSGESELLSCHAFT MBH.
 
The loan of USD 30 million will be used to on-lend to business (USD 20 million) and small hydro power or wind power renewable energy facilities (USD 10 million). The maturity of the loans will top the terms available in the market.
 
Ameriabank sets the following eligibility criteria: annual turnover of AMD 5 million to 5 billion and less than 250 employees. The maximum amount per loan is up to USD 1.5 million for business loans and up to USD 5 million for renewable energy loans.
 
This unparalleled fundraising from such prominent international organizations as FMO and DEG will highly contribute to successful accomplishment of current lending projects of Ameriabank.
 
 
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About FMO
The Netherlands Development Finance Company (FMO) is the international development bank of the Netherlands. FMO invests risk capital in companies and financial institutions in developing countries. With an investment portfolio of € 4.2 billion, FMO is one of the largest development banks worldwide financing private sector. Thanks in part to its relationship with the Dutch government, FMO is able to take risks which commercial financiers are not - or not yet - prepared to take. FMO's mission: to create flourishing enterprises and financial institutions, which can serve as engines of sustainable growth in their countries.
www.fmo.nl
 
About DEG
DEG, member of KfW Bankengruppe (KfW banking group), finances investments of private companies in developing and transition countries. As one of Europe's largest development finance institutions, it promotes private business structures to contribute to sustainable economic growth and improved living conditions. For more information, please visit www.deginvest.de
Updated 14.01.2010, 14:58
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