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ARDSHINBANK GUARANTEE FACILITY

Summary sheet

Release date
2 March 2026
Reference
20250772
Project name
Promoter - financial intermediary
ARDSHINBANK GUARANTEE FACILITY
INDUSTRIAL CONSTRUCTION BANK OJSC
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
not disclosed
not disclosed
Location
Sector(s)
Description
Objectives

EFSD+ MSME Guarantee Facility - Partial Portfolio Guarantee to Ardshinbank in Armenia.

Financing of projects carried out by micro-, small and medium-sized enterprises (MSME) in eligible sectors in Armenia.

Environmental aspects
Procurement

The proposed operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". The borrower / financial intermediary has adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. The final beneficiaries will be required to comply with applicable national and EIB Environmental and Social Standards in respect of environmental and social matters, as appropriate.

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

Under Global Europe NDICI guarantee

Under EFSD+ Guarantee

Related projects
Parent project
EFSD PLUS MSME GUARANTEE FACILITY (LE)
Link to source
Summary sheet
ARDSHINBANK GUARANTEE FACILITY
Other links
Related press
Armenia: EIB Global and Ardshinbank launch €100 million partnership to boost business growth and job creation

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).

News & Stories

Link to source
Related press
Armenia: EIB Global and Ardshinbank launch €100 million partnership to boost business growth and job creation
Other links
Summary sheet
ARDSHINBANK GUARANTEE FACILITY
Parent project
EFSD PLUS MSME GUARANTEE FACILITY (LE)

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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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