In May 2019, OeEB signed a long-term credit line of USD 30 million to Ameriabank Armenia. The funds are dedicated to financing small and medium-sized enterprises as well as renewable energy projects in Armenia. It is the second credit line provided to Ameriabank by OeEB, following a credit line of USD 10 million signed in November 2015.
|Financial sector / Microfinance / SME
|OeEB project volume
|USD 30 million
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.