EBRD partners with Ameriabank to support green finance for Armenia’s private sector

Lion Finance Group PLC (the “Group”) announces that its banking subsidiary in Armenia, Ameriabank CJSC (the “Bank” or “Ameriabank”), has secured a loan package of up to EUR 150 million from the European Bank for Reconstruction and Development (EBRD). This facility, provided in two tranches – an initial €100 million commitment and a further €50 million – will enable Ameriabank to deliver financing to micro, small and medium-sized enterprises (MSMEs) with a strong focus on reaching regional clients and new borrowers.

This facility is designed to support Armenia’s transition to a green economy. Ameriabank will allocate a minimum of 40% of the proceeds to eligible green investments focused on increasing resource efficiency and renewable energy generation. This green financing is reinforced by a technical cooperation package of approximately EUR 170,000, funded by the EBRD’s Small Business Impact Fund and co-supported by Ameriabank, which will ensure effective project implementation and monitoring. Furthermore, the initiative is complemented by up to EUR 75,000 in EU-funded advisory and capacity-building programmes designed to enhance the competitiveness, innovation, and export readiness of local MSMEs.

George Akhalkatsi, the EBRD’s Head of Armenia, said: “This facility will play a key role in strengthening Armenia’s private sector and accelerating its green transition. Ameriabank’s strong market presence and commitment to innovation and the development of the MSME sector make it a strong partner for the EBRD’s strategic priorities in the region.”

Artak Hanesyan, CEO of Ameriabank commented: “We are proud to be strengthening our partnership with the EBRD and expanding our MSME and green lending portfolios. This collaboration will enhance our ability to support Armenian businesses, drive economic growth and promote sustainable development throughout the country.”

Archil Gachechiladze, CEO of Lion Finance Group PLC, commented: “We are delighted to deepen our partnership with EBRD. This collaboration will enable Ameriabank, the largest lender in Armenia, to further support local businesses and green projects, in line with the Group’s commitment to financial inclusion and sustainable value-creation.”