Ameriabank and funds managed by responsAbility Investments signed an  agreement on subordinated lending of EUR 16.8 million

ArmInfo. Ameriabank and a  number of funds managed by responseAbility Investments, in particular  the Global Climate Partnership Fund (GCPF) and micro and small  business financing funds, have signed a long-term subordinated  lending agreement worth  16.8 million. This was reported to ArmInfo  in the press service of the bank.These new long-term instruments will  increase the level of capital adequacy of Ameriabank, significantly  expanding the possibilities of financing entrepreneurs and  energy-saving projects in Armenia.Rohus Momarts, the executive  director of responsAbility Investments, noted that financial  institutions with an inclusive business model are an incentive for  the development of the country. "We are glad to cooperate with  Ameriabank. It is a successfully and dynamically developing  organization that actively finances the Armenian economy and promotes  the implementation of" green "programs," he said.Chairman of the  Directorate, General Director of Ameriabank Artak Anesyan, in turn,  noted that the new investment instruments will open up significant  opportunities for long-term financing and growth of the loan  portfolio. 

"We highly appreciate the cooperation with our long-time partner. Now  this partnership has reached a qualitatively new level. The available  credit resources will help to further improve the quality of customer  service from different areas and contribute to the development of the  Armenian economy," he stressed.Note that the company responsAbility  Investments, which is one of the leaders in the field of investment  asset management in developing countries, was founded in 2003. The  company's portfolio is $ 3 billion. The company is headquartered in  Zurich, with regional offices in Bangkong, Geneva, Hongkong, Lima,  Luxembourg, Mumbai, Oslo and Paris. Through various investment  instruments, the company provides partial debt and equity financing  to 540 organizations operating in 90 countries with an inclusive  business model.Recall that the founders of the Global Fund for  Climate Partnership (Global Climate Partnership Fund, GCPF) are the  Federal Ministry for the Environment, Nature Conservation and Nuclear  Safety of Germany, the Government of Denmark, the International  Finance Corporation (IFC), KfW Bank (Germany), Austrian Development  Bank ( Oesterreichische Entwicklungsbank AG) and Deutsche Bank  AG.According to the Ranking of Banks of Armenia, as of January 1,  2019, prepared by ArmInfo IC, Ameriabank maintains leadership in the  main balance sheet indicators. Thus, the total capital of the bank  reached 89.8 billion drams ($ 185.6 million, with an annual growth of  28.4%), assets - 779.8 billion drams ($ 1.6 billion, an increase of  15.1%), the volume of credit investments and other loans - 548  billion drams ($ 1.1 billion). 2018 Ameriabank completed with a net  profit of 10.5 billion drams ($ 21.7 million), with an annual growth  of 37.3%. The total regulatory capital of Ameriabank at this date  amounted to 97.8 billion drams ($ 202.1 million), an increase of  16.3% over the year. Ameriabank has been operating in the Armenian  market since October 31, 1996. The shareholders of the bank on  January 1, 2019 are the Ameria Group CY Ltd. - 56.6%, EBRD - 17.8%,  Asian Development Bank - 13.98%, ESPS Holding Limited - 11.62%.