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.