In September 2013 OeEB signed a long-term credit line of USD 15 million for Ameriabank Armenia. In November 2015 the funds were increased by USD 10 million.
|Project name||Ameriabank Armenia|
|Sector||Financial sector / Microfinance / SME|
|OeEB project volume||USD 25 million|
|Projekt partner(s)||Ameriabank CJSC|
The credit line is dedicated to the financing of local small and medium-sized enterprises (SME) as well as renewable energy and energy efficiency projects in Armenia.
The credit line improves SMEs' access to finance and thus contributes to the country's economic development as well as to securing and creating jobs.
In addition, renewable energy and energy efficiency projects are being supported in order to improve Armenia's energy supply and to reduce the country's dependence on expensive energy imports.