Ameriabank and FMO Sign EUR 120 Million Agreement to Support MSMEs and Advance Green Finance in Armenia

Ameriabank and the Dutch Entrepreneurial Development Bank (FMO) have signed a EUR 120 million loan agreement during the EBRD Annual Meeting held in Riga, Latvia. The agreement aims to expand access to finance for micro, small and medium-sized enterprises (MSMEs) in Armenia and further promote sustainable development through green financing.

At least 25% of the funding will be allocated to eligible green projects. The remaining proceeds will be directed toward financing MSMEs, with a focus on businesses led by women and young entrepreneurs, as well as enterprises operating in the agricultural and rural sectors.

The new agreement underscores the shared commitment of Ameriabank and FMO to support inclusive economic growth, strengthen the competitiveness of local businesses, and accelerate the transition toward a more sustainable economy. 

Commenting on the agreement, Ara Sargsyan, Head of Financial Institutions Division at Ameriabank, said: "We are pleased to strengthen our long-standing partnership with FMO through this facility, which will further expand access to finance for MSMEs in Armenia while increasing support for green and inclusive projects. This cooperation continues to play an important role in driving sustainable growth and broadening opportunities for entrepreneurs across the country, which is of strategic importance for Ameriabank".

Michael Jongeneel, the CEO of FMO, commented: "Our investment in Ameriabank reflects our commitment to enabling entrepreneurs while advancing a just climate transition. By expanding access to finance for MSMEs alongside green investments, we aim to drive inclusive growth and help ensure that the benefits of climate transition are shared broadly across Armenian society".

The partnership between Ameriabank and FMO has expanded considerably since 2009, when Ameriabank secured its first financing facility from FMO to support Armenian SMEs and renewable energy initiatives. Over the past 17 years, FMO has provided approximately USD 400 million in total financing to date. These funds have contributed to the implementation of numerous business and renewable energy projects across Armenia, supporting entrepreneurship, job creation and the development of a greener economy. 

Ameriabank CJSC

Ameriabank is a leading financial and technology company in Armenia, a major contributor to the Armenian economy. In line with its digital transformation strategy, the bank continually introduces and enhances innovative products, services and platforms designed to meet the evolving financial and non-financial needs of its customers. Ameriabank, as a dynamically growing fintech space, offers seamless solutions to improve the quality of life.

The Bank is supervised by the Central Bank of Armenia.

About FMO

FMO is the Dutch Entrepreneurial Development Bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development and has a 50+-year proven track record in empowering entrepreneurs to make local economies more inclusive, productive, resilient and sustainable. FMO focuses on three sectors that have high development impact: Agribusiness, Food & Water, Energy, and Financial Institutions. With a total committed portfolio of EUR ~13 billion spanning over 85 countries, FMO is one of the largest bilateral private sector development banks globally.

For more information: please visit www.fmo.nl.