PROJECT

Projects

Summary of Proposed Investment

Project Number

28757

Company Name

AMERIABANK CJSC

Date SPI Disclosed

Aug 26, 2009

Country

Armenia

Industry

Financial Markets

Projected Board Date

Sep 30, 2009

Status

Completed

Sector

Commercial Banking - General

Department

Global Industry, Financial Markets

Environmental Category

FI

Previous Events

Approved : Dec 18, 2009
Signed : Dec 22, 2009
Invested : Mar 19, 2010

Project Description

The project is a senior loan of up to $15 million to Ameriabank (the “Bank”) to finance small hydro power plants in Armenia. As long-term funding is barely available in Armenia, a senior loan with a tenor of up to 8 years would enable the Bank to provide much needed long-term loans and facilitate the construction of such small-scale renewable energy projects.

Sponsor / Cost / Location

Development Impact