AMERIABANK CJSC
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Ameriabank is a privately-owned bank in the Republic of Armenia offering a wide range of financial and advisory services with a focus on the corporate and Small and Medium-sized Enterprises (SME) segments and a leading position in renewable energy. The bank has around 1080 employees and USD 1.8bn in assets and banking activities across the country. Ameriabank is an existing FMO client since 2009.
What is our funding objective?
The full investment amount will be used by Ameriabank to finance eligible Green projects in line with pre-defined criteria.
Why do we fund this investment?
The transaction meets FMO's impact goals through on-lending criteria that comply with FMO's green finance eligibility criteria. The structure includes the option to opt for up to 7 years AMD funding, which supports de-dollarization in the country and strengthens the ALM structure of the bank.
What is the Environmental and Social categorization rationale?
Based on the composition of Ameriabank’s portfolio, the client has been categorized as Category FI-A in accordance with FMO’s Sustainability Policy. The client has put effort into developing and implementing an E&S risk management approach over the past decade that is now fully integrated into their lending/investment cycle, and is compatible with the new investment project. FMO will support Ameriabank’s systems further, to ensure alignment with the EDFI standards via an Environmental and Social Action Plan. The bank will continue to apply the FMO Exclusion List, national E&S laws and regulations and the IFC Performance Standards Framework, to all identified Triggered Transactions.
More investments
- Website customer/investment
- http://www.ameriabank.am
- Region
- Europe & Central Asia
- Country
- Armenia
- Sector
- Financial Institutions
- Publication date
- 9/21/2020
- Effective date
- 11/26/2020
- Total FMO financing
- EUR 42.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A