HERE AND BEYOND
Ameriabank and Commerzbank enter into an unparalleled deal
Media Room
Ameriabank continues active cooperation with international institutions as part of its fundraising activities.
First in the Armenian banking industry, Ameriabank obtained Commerzbank’s approval for a major collateral-free bilateral loan backed by Ameriabank’s reputation of a reliable partner, its stable financials and sustainable performance on the international scene.
The funds will be utilized for small and mid-sized business finance, creating competitive lending conditions for Ameriabank’s clients.
This is the first arm’s length transaction where an international bank finances an Armenian bank without any security whatsoever.
This is a second unparalleled deal between Commerzbank and Ameriabank after Commerzbank’s approval of a bank guarantee in local currency for Ameriabank back in May this year. 
Updated 27.10.2011, 14:43
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