Release date: 17 June 2014
Promoter – Financial Intermediary
ACCEPTABLE BANK(S)Location
Description
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.
Objectives
Support to local economy through provision of long-term financing in particular to small and medium-size enterprises
Comments
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Sector(s)
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 4/12/2014
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).