Item 4b_GreenBonds_Ara Sargsyan_Ameriabank.pdf
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Item 4b, presentation by Ameriabank on insights from commercial banks for promoting green finance and investment in Armenia during the GREEN Action Task Force Annual Meeting 2023.
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Item 4b_GreenBonds_Ara Sargsyan_Ameriabank.pdf
- 1. Ameriabank: Green Bonds Ameriabank at a Glance • The Leading Bank in Armenia, w/ assets more than 3 billion USD. • Omni channel Distribution Platform with Focus on Digital, w/ 91% offloading ratio. • Innovator and Trend Setter, w/ superior customer service, proven leadership not only by financials but also by culture and values. • Strong Team and Corporate Culture, w/ the best practice corporate governance and unique culture, professional and experienced management team. • Ratings, S&P: B+. Moody’s: Ba3/NP. Green Bond framework and project • A debut issue of 5 year EUR 42 million Green Bond in November 2020. • Ameriabank’s Green Bond Framework (GBF) is consistent with the International Capital Market Association’s (“ICMA”) current Green Bond Principles (“GBP”). • Ameriabank Green Bonds comply with UN Sustainable Development Goals & promote the following goals: Benefits from Green Bonds Issuance • New opportunities to raise capital • Investor base diversification and new league of investors • Support the transformation to more sustainable financing • Enhanced knowledge in sustainable finance, support to building expertise Challenges faced and how they were overcome • Alignment of our existing green business with Green Bond principles • Identifying use of proceeds and eligibility criteria • Internal processes management, engagement and coordination • Impact reporting • The first ever green bond project in Armenia Our advice: what issuers need to know • focus on your key competencies & limit the scope in GBF for the inception • engage as many stakeholders as possible from the very beginning – to ensure a flawless process and to save time in translation of green bond “jargon” • hire a professional consultants or have someone with deep knowledge into the field • don’t expect to have better pricing or more cost-efficient process, especially if you are doing it for the first time.