PROJECT

Projects

Summary of Investment Information

Project Number

50088

Company Name

AMERIABANK CJSC

Date SPI Disclosed

Oct 24, 2024

Country

Armenia

Region

Europe

Projected Board Date

Nov 25, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 29, 2024

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Dec 19, 2024
Signed : Dec 20, 2024
Invested : Dec 26, 2024

Sector

Commercial Banking - General

Project Description

 The proposed investment consists of an up to US$250 million senior unsecured loan to be disbursed in US$ or Armenian Dram (AMD) equivalent for IFC’s own account to Ameriabank CJSC (Ameriabank or the Bank), one of the top 2 banks in Armenia and an existing IFC client. The loan will have a 5 to 7 years maturity, and the investment proceeds will be earmarked for financing micro, small and medium enterprises (MSMEs) with 50 percent of proceeds to be allocated to eligible climate finance projects.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation