Date de publication: 10 octobre 2024
Promoteur – Intermédiaire Financier
ARMSWISSBANK CJSCLieu
Description
The operation consists in a partial portfolio guarantee to Armswissbank in Armenia under the EU4Business Guarantee Facility.
Additionality and Impact
The proposed partial portfolio guarantee to Armswissbank is intended to improve access to finance for micro, small and medium enterprises (MSMEs) in Armenia.
Firms in Armenia consider access to finance to be one of the most significant obstacles to doing business. This market failure emanates from high interest rates, difficulties to assess credit risks, and foreign currency risk in a highly dollarized economy. Inclusive investments face additional constraints, including low level of awareness by clients and banks and scarcity of long-term funding.
The operation will tackle challenges by providing guarantee to Armswissbank in order to enhance lending to MSMEs at attractive terms and conditions. Clients will benefit through loans that include a transfer of financial benefits to incentivise investments.
The operation would help Armswissbank to increase its risk absorption capacity and support the implementation of projects that would otherwise be declined. The bank's proven implementation capacity and experience, strong product palette and very good financial standing make Armswissbank an effective intermediary for the partial portfolio guarantee, and key actor for increasing access to finance and promoting inclusive investments for local MSMEs.
The operation will contribute to several SDGs.
Objectifs
The aim is to enable Armswissbank to improve lending terms and conditions and thus provide wider access to finance for micro, small- and mediums-sized enterprises in the country.
Commentaires
Please proceed to generate the accompanying letter to the client for his signature authorising the Web publication.
Secteur(s)
- Lignes de crédit - Lignes de crédit
Montant BEI envisagé (montant approximatif)
EUR 2 million
Coût total (montant approximatif)
EUR 20 million
Aspects environnementaux
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Passation des marchés
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Statut
Signé - 28/02/2025
Clause de non-responsabilité
Avant d’être approuvés par le Conseil d’administration et avant la signature des prêts correspondants, les projets font l’objet d’une instruction et de négociations. Par conséquent, les informations et données fournies sur cette page sont indicatives.
Elles sont fournies à des fins de transparence uniquement et ne peuvent être considérées comme représentant la politique officielle de la BEI (voir également les notes explicatives).