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    Reference: 20160481
    Release date: 2 November 2016

    Promoter – Financial Intermediary

    COUNTERPART(S) TO BE DETERMINED, ACCEPTABLE BANK(S)

    Location

    Description

    A dedicated EIB loan to the Central Bank of the Republic of Armenia to finance eligible investments of small and medium-sized enterprises (SMEs) and mid-cap companies in the Republic of Armenia

    Objectives

    Improving access to finance at favourable conditions for SMEs and mid-caps

    Comments

    This operation is covered by the EU Guarantee for EIB loans outside the EU.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    Not applicable.

    Environmental aspects

    The Bank will require the intermediary institution to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving Bank financing comply with the EIB's environmental and social standards, as set out in the EIB Environmental and Social Handbook, and with national legislation.

    Procurement

    The Bank will require the intermediary institutions to take all requisite measures to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances are in accordance with EIB Guide to Procurement.

    Status

    Signed - 29/11/2016

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Armenia Credit lines