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Ameriabank and Triodos Investment Management have entered into a  long-term subordinated loan agreement with the amount of EUR 15M. The subordinated loan qualifies as Bank Tier 2 capital under Basel III framework and will further strengthen the overall capitalization of Ameriabank, the bank said in a press release on Thursday.

Artak Hanesyan, CEO of Ameriabank, commented: “I would like to thank our partners at Triodos Investment Management for launching this cooperation between our institutions. This is our debut transaction together and I am sure that it is just the beginning of our long-term partnership. This facility is to improve further our capital position under the Basel III regulations. We have now raised more than EUR 30M sub debt this year, maintaining strong and diversified capital structure, so we are well-positioned to continue growing our customer lending while maintaining strong capital adequacy ratios.”

Speaking on behalf of Triodos Investment Management, Rosa Sarkeyeva, Regional Manager for Eastern Europe, the Caucasus and Central Asia: “We are very happy that this Tier 2 capital instrument marks the beginning of a long-term cooperation with Ameriabank. We wholeheartedly support Ameriabank’s mission to increase its outreach to small-scale entrepreneurs and green initiatives in Armenia, which are embedded in local communities and are instrumental in the country’s social and economic development. As the leading bank in Armenia, Ameriabank’s ambition is to increase its offering in agri-financing and renewables financing, and we’d be happy to explore other opportunities having a positive impact.”