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Signature(s)

Amount
€ 49,907,874.71
Countries
Sector(s)
Armenia : € 49,907,874.71
Credit lines : € 49,907,874.71
Signature date(s)
4/12/2014 : € 49,907,874.71
Link to source

Summary sheet

Release date
17 June 2014
Status
Reference
Signed | 04/12/2014
20140045
Project name
Promoter - financial intermediary
ARMENIA APEX LOAN FOR SMES
ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
not applicable
Location
Sector(s)
Description
Objectives

Loan to the Central Bank of Armenia, for onlending to selected commercial banks, in order to finance investments by SMEs via term loans and leasing schemes in Armenia.

Support to local economy through provision of long-term financing in particular to small and medium-size enterprises

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Under ELM Guarantee
Comments

This operation is covered by the EU Guarantee for EIB loans outside the EU.

This operation is covered by the EU Guarantee for EIB loans outside the EU.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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Alternatively, the EIB can be contacted through its external offices.
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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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