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    Reference: 20170984
    Release date: 3 April 2018

    Promoter – Financial Intermediary

    CENTRAL BANK OF THE REPUBLIC OF ARMENIA,ACCEPTABLE BANK(S)

    Location

    Description

    The project consists of a multi-beneficiaries intermediated loan (MBIL) with the Central Bank of the Republic of Armenia to support the development of the local private sector, in particular small and medium-sized enterprises (SMEs) and mid-caps.

    Objectives

    Financing of small/medium projects carried out by SMEs and mid-caps in the Republic of Armenia.

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    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 will comply with national legislation and the ElB's environmental and social standards, as set out in Vol I of the EIB Environmental and Social Handbook.

    Procurement

    The Bank will require the intermediary institution to take all the 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 - 22/10/2018

    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