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INECOBANK GUARANTEE FACILITY

Signature(s)

Amount
€ 1,440,000
Countries
Sector(s)
Armenia : € 1,440,000
Credit lines : € 1,440,000
Signature date(s)
17/09/2025 : € 1,440,000
Link to source
Data sheet
INECOBANK GUARANTEE FACILITY
Other links
Summary sheet
INECOBANK GUARANTEE FACILITY

Summary sheet

Release date
22 October 2024
Status
Reference
Signed | 17/09/2025
20240565
Project name
Promoter - financial intermediary
INECOBANK GUARANTEE FACILITY
INECOBANK CJSC
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 3 million
EUR 24 million
Location
Sector(s)
Description
Objectives

The operation consists of a Partial Portfolio Guarantee to Inecobank under the EU4Business Guarantee Facility.

The aim is to finance projects carried out by micro-, small- and medium-sized enterprises in Armenia.

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
Signed
14 January 2025
17 September 2025
Link to source
Summary sheet
INECOBANK GUARANTEE FACILITY
Other links
Data sheet
INECOBANK GUARANTEE FACILITY

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).

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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