Reference:
20140045
Release date: 17 June 2014
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)
- Credit lines - Credit lines
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