Lending to small and medium enterprises to double to $200 million in Ameriabank’s loan portfolio in 2012

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30.11.2011, 02:23

Ameriabank may double its lending to small and medium enterprises to $200 million in 2012, Gagik Sahakyan, the bank’s director for corporate clients, said .

YEREVAN, November 29. /ARKA/. Ameriabank may double its lending to small and medium enterprises to $200 million in 2012, Gagik Sahakyan, the bank’s director for corporate clients, said at a news conference on Tuesday, after the bank signed a $20-million loan agreement with Asian Development Bank for onlending SMEs.

“Today Ameriabank’s SME loan portfolio amounts to $100 million,” he said answering ARKA news Agency’s question.

He said that the bank’s corporate portfolio totals over $300 million, and the share of loans extended to SMEs in it is 30%.
Sahakyan said that the $20 million lent by Asian Development Bank will be fully onlent in 2012.

“As a result, the share of lending to SMEs in the bank’s total portfolio is expected to grow to 40%,” he said.

Ameriabank CJSC is a universal bank providing investment, corporate and limited retail banking services in a package.
Ruben Vardanyan is the chairman of the bank’s directorial board and Artak Hanesyan is the director general.

Troika Dialogue, one of Russia’s leading investment companies, is a strategic partner to Ameriabank.-0---

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