Ameriabank and the OPEC Fund for International Development (The OPEC Fund) have signed a $50-million loan agreement. The agreement was signed during OPEC Fund Development Forum 2026 in Vienna, which also marked the 50th anniversary of the institution.
The raised funds will be used for financing of small and medium enterprises (SMEs) in Armenia, enabling them to secure the necessary funds to develop their businesses, create new jobs, and expand operations.
The agreement was signed by Ara Sargsyan, Head of Financial Institutions Division of Ameriabank, and Dr. Abdulhamid Alkhalifa, OPEC Fund President.
“This cooperation with OPEC Fund is among the most important achievements of our long-term partnership and the largest funding secured from this institution to date. Supporting small and medium enterprises is one of core pillars of Ameriabank’s strategy, and we highly value the opportunities provided under this new collaboration. Funds raised through this project will allow us to expand financing opportunities for SMEs, supporting the establishment, development, and increased competitiveness of a larger number of enterprises,” said Ara Sargsyan, Head of Financial Institutions Division of Ameriabank.
The OPEC Fund and Ameriabank have been cooperating since 2015, contributing to the development of Armenia’s economy through SME and trade finance. Specifically, agreements worth $125 million have been signed to date, funds raised under which have been used for financing SMEs in various sectors, such as manufacturing, food industry, trade, and hospitality. (PanARMENIAN)