EBRD and Ameriabank sign agreement for local trade finance funding in Armenian Drams, a first in Armenia.
The EBRD and Ameriabank have signed an agreement for Ameriabank to attract trade finance funding from EBRD in Armenian Drams. This is the first agreement of its kind in Armenia, aiming to support local businesses in international trade by providing stable and localized funding solutions. The EBRD will facilitate trade finance transactions in Armenian Drams, mitigating foreign exchange risks and enhancing financial predictability for businesses involved in import and export activities financed by Ameriabank. The partnership aims to foster economic growth and resilience within the region.
July 22, 2024
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