Armenian Banks to Jointly Loan Record $300 Million for AI Center
Armenian lenders signed a syndicated loan agreement to provide $300 million for the construction of Firebird AI’s data center, High-Tech Industry Minister Mkhitar Hayrapetyan said Friday, calling it the country’s first joint-financing project of that size.
Participants include Ardshinbank CJSC, Acba Bank OJSC, Evocabank CJSC, Fast Bank CJSC, C-Quadrat Ampega Asset Management Armenia and Amundi-Acba.