Release date: 3 April 2018
Promoter – Financial Intermediary
CENTRAL BANK OF THE REPUBLIC OF ARMENIA,ACCEPTABLE BANK(S)
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.
Financing of small/medium projects carried out by SMEs and mid-caps in the Republic of Armenia.
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
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.
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.
Signed - 22/10/2018
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).