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ARMENIA APEX II LOAN FOR SMES AND MIDCAPS

Signature(s)

Amount
€ 50,639,759.15
Countries
Sector(s)
Armenia : € 50,639,759.15
Credit lines : € 50,639,759.15
Signature date(s)
18/11/2016 : € 50,639,759.15

Summary sheet

Release date
2 November 2016
Status
Reference
Signed | 29/11/2016
20160481
Project name
Promoter - financial intermediary
ARMENIA APEX II LOAN FOR SMES AND MIDCAPS
COUNTERPART(S) TO BE DETERMINED, ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
Not applicable.
Location
Sector(s)
Description
Objectives

A dedicated EIB loan to the Central Bank of the Republic of Armenia to finance eligible investments of small and medium-sized enterprises (SMEs) and mid-cap companies in the Republic of Armenia

Improving access to finance at favourable conditions for SMEs and mid-caps

Environmental aspects
Procurement

The Bank will require the intermediary institution to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving Bank financing comply with the EIB's environmental and social standards, as set out in the EIB Environmental and Social Handbook, and with national legislation.

The Bank will require the intermediary institutions to take all requisite measures to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances are in accordance with EIB Guide to Procurement.

Comments

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).

News & Stories

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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.

Zero tolerance against fraud and corruption

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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