BSTDB and Ameriabank Join Forces to Boost SME Financing in Armenia
Ameriabank and the Black Sea Trade and Development Bank (BSTDB) have signed an agreement for a subordinated loan of up to EUR 15 million to support private sector development and job creation in the country.
Fresh financing will support SME investment and strengthen Armenia’s private sector.
By reinforcing Ameriabank’s capital position and expanding its lending capacity, the BSTDB financing will enable the bank to increase financing for small and medium-sized enterprises (SMEs), an important driver of Armenian economy.
Ameriabank is a leading financial and technology company in Armenia, a major contributor to the Armenian economy. In pursuit of digital transformation, the Bank has implemented unique products, services and innovative platforms designed to meet the diverse financial and non-financial needs people have today and keeps on improving them. Being a dynamically developing fintech environment, Ameriabank offers comprehensive solutions to improve the quality of life.
The Bank is supervised by the Central Bank of Armenia.