He said the bank is one of the most active lenders to the energy sector having allocated since 2009 some $64 million in loans for the construction and re-equipment of small hydropower plants. He said the bank’s loans were used to build and reconstruct a total of 46 small hydropower plants.
According to him, at the moment the current portfolio of loans provided to this sector is worth $29 million for construction and reconstruction of 29 hydropower plants. Another $4 million were provided for energy saving projects.
He recalled that in 2013 the bank attracted a credit line of $15 million from the Development Bank of Austria (OEB) for lending to small and medium-sized businesses and renewable energy and energy efficiency projects.
Ameriabank is a universal bank that provides investment, corporate and retail banking services in the form of an integrated package of solutions.