Release date: 12 June 2024
Promoter – Financial Intermediary
ACBA BANK OJSC,ACBA LEASING CREDIT ORGANIZATION CJSCLocation
Description
The project will contribute to finance projects implemented by micro, small and medium-sized enterprises (SMEs) and Midcaps in Armenia.
Objectives
The aim is to enhance access to finance for the target beneficiaries through the intermediary' branch network in the country.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 55 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The intermediary institution has to take all the requisite measures to ensure that the procedures including procurement procedures carried out by the final beneficiaries for the sub-projects will comply with national legislation and the EIB's Environmental and Social Standards as well as international treaties and conventions signed and ratified by or otherwise applicable and binding in the country.
Procurement
The intermediary institution to take all requisite measures to ensure that any procurement procedures carried out by final beneficiaries for the sub-projects that the Bank finances are in accordance with the EIB's Guide to Procurement.
Status
Approved - 8/05/2024
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).