Release date: 10 October 2024
Promoter – Financial Intermediary
ARMSWISSBANK CJSCLocation
Description
The operation consists in a partial portfolio guarantee to Armswissbank in Armenia under the EU4Business Guarantee Facility.
Objectives
The aim is to enable Armswissbank to improve lending terms and conditions and thus provide wider access to finance for micro, small- and mediums-sized enterprises in the country.
Comments
Please proceed to generate the accompanying letter to the client for his signature authorising the Web publication.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 2 million
Total cost (Approximate amount)
EUR 20 million
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
Approved - 18/10/2024
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).