Quick Facts

Where the impacts of the investment may be experienced.
  • Armenia
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • European Bank for Reconstruction and Development (EBRD)
Bank Risk Rating: FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2015-12-09
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: AMERIABANK CJSC
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Finance
Investment Type(s): Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 55.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

Currency conversion note:
Bank reported
Converted using 2017-12-09 exchange rate.

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Primary Source

Original disclosure @ EBRD website
Updated in EWS: 2017-08-10
Disclosure Date: 2015-12-22
Ameriabank Equity Investment

Project Description
This project is an equity investment into Ameriabank CJSC. The equity investment is intended to increase market expansion and financial intermediation in Armenia through Ameriabank.
Investment Description
This project is an equity investment into Ameriabank CJSC, a private Armenian bank. EBRD will initially obtain a 20.6% stake in Ameriabank for $30 million, and with $10 million set aside for future capital increases. Ameriabank is one of the leading banks in Armenia and is the largest by assets and client deposits, with, respectively c. 11% and 13.5% market share at YE2014. The bank has been EBRD client since 2010 and received EBRD funding through Trade Facilitation Facility (TFP), SME and energy efficiency credit lines.
Contact Information
Ameriabank CJSC 9 Grigor Lusavorich str., Yerevan 0015, Armenia (374 10) 56 11 11 (374 10) 51 31 33 ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD’s own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.
Bank Documents