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    Reference: 20140045
    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)

    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).

    Related tags

    Armenia Credit lines