According to the Bank's website, the project provides funding to Ameriabank to finance 'green' projects and women and youth MSME customers.
Between EUR 25 and 40 million will be used to finance "green" projects of Ameriabank which are in compliance with FMO's Green Master List. Between 0 and EUR 15 million will be used to finance women and youth MSME customers of Ameriabank in line with FMO"s eligibility criteria supporting our impact goal of reducing inequalities.
There is often limited information publicly available about what development banks are funding through financial intermediaries. In 2021, the Early Warning System partnered with Oxfam International to incorporate information on high-risk projects being funded by financial intermediaries receiving funding from the International Finance Corporation (IFC) and the Dutch Development Bank (FMO).
The information listed below describes the relationship between the different private actors linked to high-risk sectors and subprojects of IFC and FMO's financial intermediary investments and/or the financial intermediary's parent companies made from 2017 through 2020, including any associated ring fences.
The database, however, does not explicitly or implicitly imply that IFC or FMO have material exposure to or are contractually or legally accountable to the sub-projects financed by their financial intermediaries or the financial intermediary's parent companies. It only shows a seemingly financial relationship among the different private actors, the financial intermediaries, and IFC or FMO.
Ameriabank is a privately-owned bank in 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 700 employees and USD 1.4bn in assets and branches across the country. Ameriabank is an existing FMO client since 2009.
No contact information is available at the time of disclosure.