Finance

OIL:  BRENT - 85.72+1.03 WTI - 79.22+2.06
COMEX:  GOLD - 1942.40+1.13 SILVER - 23.78+0.42
COMEX:  PLATINUM - 1019.50+0.64
LME:  ALUMINIUM - 2644.00+2.10 COPPER - 9222.50+0.14
LME:  NICKEL - 30344.00+3.85 TIN - 29490.00-1.07
LME:  LEAD - 2136.50-1.07 ZINC - 3389.00-1.65
FOREX:  USD/JPY - 130.09-0.09 EUR/GBP - 1.0866+0.22
FOREX:  EUR/USD - 1.0866+0.22 GBP/USD - 1.2314-0.21
STOCKS RUS:  RTSI - 1001.23+1.40
STOCKS US: DOW JONES - 34086.04+1.09 NASDAQ - 11584.55+1.67
STOCKS US: S&P 500 - 4076.60+1.46
STOCKS JAPAN:  NIKKEI - 27346.88+0.07 TOPIX - 1972.23-0.15
STOCKS CHINA:  HANG SENG - 22072.18+1.05 SSEC - 3284.92+0.90
STOCKS EUR:  FTSE100 - 7771.70-0.17 CAC40 - 7082.42+0.01
STOCKS EUR:  DAX - 15128.27+0.01
01/02/2023  CBA:  USD - 395.74+0.07 GBP - 487.59+0.44
01/02/2023  CBA:  EURO - 430.96+2.69
01/02/2023  CBA:  GOLD - 24478.42+1.78 SILVER - 292.57-8.09
February, 2023
February 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728  
US$30m OPEC Fund loan to Ameriabank to promote sustainable energy and support small businesses in Armenia
26/11/2021 19:26 0.1K

US$30m OPEC Fund loan to Ameriabank to promote sustainable energy and support small businesses in Armenia

The OPEC Fund for International Development (the OPEC Fund) and Ameriabank, the largest universal bank in Armenia, have signed a US$30 million long-term senior loan agreement to support private sector development in the country.

Nearly 50 per cent of the OPEC Fund’s loan will be directed at financing small and medium-sized enterprises (SMEs), providing access to finance and allowing businesses to receive the necessary funds to grow their businesses and to retain and create jobs. The other half of the loan will be dedicated to support green projects, increasing energy efficiency and reducing carbon emissions in Armenia. The financing is in line with the partners’ commitment to Sustainable Development Goal (SDG) 7 – Affordable and Clean Energy, and SDG 8- Decent Work and Economic Growth.

Tareq Alnassar, OPEC Fund Assistant Director-General, Private Sector and Trade Finance Operations, said: “We are happy to continue our successful cooperation with Ameriabank with a new facility to finance SMEs, energy efficiency and renewable energy projects in Armenia. Our new loan will help to provide working capital for SMEs, promote sustainable energy and contribute to economic resilience.”

The OPEC Fund and Ameriabank have been cooperating since 2015, contributing to the Armenian economy through SME financing and trade finance facilities. The first financing (US$20 million) supported SMEs in Armenia across a diverse range of sectors including wholesale trade, material production, food production and the hotel industry. The second (US$25 million) loan helped fund the expansion of Ameriabank’s international trade portfolio. The two facilities supported over 130 businesses in Armenia.

Artak Hanesyan, CEO of Ameriabank, commented: “I would like to express my gratitude to the OPEC Fund for our long-standing fruitful cooperation. SME financing has been our strategic focus, and we are happy to be joining efforts again to offer long-term financing to our small business clients. In line with our green strategy the funds will be primarily directed to energy efficiency projects, improving Ameriabank’s environmental footprint further.”

Ameriabank is the largest bank in Armenia by key indicators and rapidly growing its business with a special focus on green financing. Since 2009, the bank has financed more than US$250 million in renewable energy projects including solar photovoltaic and wind power.

The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively. The organization works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world. The OPEC Fund was established by the member countries of OPEC in 1976 with a distinct purpose: to drive development, strengthen communities and empower people. Our work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education. To date, the OPEC Fund has committed more than US$22 billion to development projects in over 125 countries with an estimated total project cost of US$187 billion. Our vision is a world where sustainable development is a reality for all.

Ameriabank is a dynamically developing bank and one of the major and most stable financial institutions in Armenia with clearly formulated digital agenda. The first investment bank in Armenia, Ameriabank is a universal bank offering innovative corporate, investment and retail banking services in a comprehensive package of banking solutions. Ameriabank is the leading bank in Armenia as measured by all key financial indicators (assets, liabilities, loans portfolio, net profit and equity) according to Q3 2021 reportable data. For further information, please visit www.ameriabank.am

Ucom - high speed internet connection starting at AMD 6,500
AMD Rates
10:30 01/02 Buy Sell
AMD / USD 397.00 400.00
AMD / EUR 425.00 435.00
AMD / RUR 5.55 5.67
dollars
dollars
CBA Rates
01/02/2023
USD / AMD
395.74
+0.07%
EUR / AMD
430.96
+2.69%
RUR / AMD
5.65
+0.04%
GBP / AMD
487.59
+0.44%
Cryptocurrencies
10:30 01/02
BTC/AMD
9,139,071
+1.21%
BTC/USD
23097.71
+1.26%
ETH/USD
1580.52
+0.94%
BCH/USD
133.21
-0.15%
XRP/USD
0.402021
+2.80%
LTC/USD
96.97
+2.86%
BNB/USD
309.74
-0.22%
DOGE/USD
0.092683
-0.14%
ETH/BTC
0.068444755
-0.29%
BCH/BTC
0.005768566
-1.37%
XRP/BTC
0.00001741
+1.54%
LTC/BTC
0.004199218
+1.61%
BNB/BTC
0.013413416
-1.44%
DOGE/BTC
0.000004014
-1.35%
CBA Metals
01/02/2023
dram / gram
Gold
24478.42
+1.78%
Silver
292.57
-8.09%
FOREX
09:28 01/02
EUR/USD
1.0866
+0.22%
GBP/USD
1.2314
-0.21%
USD/JPY
130.09
-0.09%
EUR/GBP
0.8819
+0.42%
Oil
09:28 01/02
$ / barrel
Brent
85.72
+1.03%
Light Sweet
79.22
+2.06%
COMEX
09:28 01/02
$ / tr. oz
Gold
1942.40
+1.13%
Silver
23.78
+0.42%
Platinum
1019.50
+0.64%
LME / 3M
09:28 01/02
$ / tonne
Aluminium
2644.00
+2.10%
Copper
9222.50
+0.14%
Nickel
30344.00
+3.85%
Tin
29490.00
-1.07%
Lead
2136.50
-1.07%
Zinc
3389.00
-1.65%
Molybdenum
75860.97
+2.20%
Cobalt
49000.00
+0.00%
Indexes
09:28 01/02
point
Dow Jones
34086.04
+1.09%
S&P 500
4076.60
+1.46%
NASDAQ
11584.55
+1.67%
FTSE
7771.70
-0.17%
CAC 40
7082.42
+0.01%
DAX
15128.27
+0.01%
RTSI
1001.23
+1.40%
Nikkei
27346.88
+0.07%
Topix
1972.23
-0.15%
Hang Seng
22072.18
+1.05%
SSEC
3284.92
+0.90%
CBA Interest Rates
26/03/2020
Refinancing
Refinancing Rate
10.75
+0.00%
Lombard Repo
Lombard Repo Rate
12.25
+0.00%
Deposit
Deposit Rate
9.25
+0.00%
Macroeconomy
12/2022
CEA
Coefficient of Economic Activity
+8.90%
Ind. Prod. 3
Volume of Industrial Production
2,681.7
+7.80%
Export 1
Export
5,360.1
+77.7%
Import 1
Import
8,768.7
+63.5%
CPI
Consumer price index
+8.60
Avg. Salary 2
Average salary
235,576
+15.50%
Services 3
Volume of services
2,575.8
+28.2%
Construction 3
Volume of construction
541.11
+12.50%
1 - mln AMD, 2 - AMD, 3 - bln AMD