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ARMENIA MSME RESILIENCE FACILITY (LE)

Summary sheet

Release date
7 October 2024
Status
Reference
Approved | 08/05/2024
20230779
Project name
Promoter - financial intermediary
ARMENIA MSME RESILIENCE FACILITY (LE)
ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
not applicable
Location
Sector(s)
Description
Objectives

The long-term lending facility (LE) will improve access to finance and financial inclusion for micro, small and medium sized enterprises (MSME) as well as mid-caps, which have been identified as key factors to reinforce Armenia's economic resilience.

The aim is to finance eligible projects carried out by the final beneficiaries in the country.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Milestone
Under appraisal
Approved
8 May 2024
Related projects
Related sub-project
ARMENIA MSME RESILIENCE FACILITY - ACBA
Related sub-project
ARMENIA MSME RESILIENCE FACILITY - INECOBANK
Related sub-project
ARMENIA MSME RESILIENCE FACILITY - AMERIABANK
Link to source
Summary sheet
ARMENIA MSME RESILIENCE FACILITY (LE)

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).

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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