45903-014: ARM: SME FINANCE PROGRAM

Project Data Sheet (PDS): Overview

Description

ADB extends debt facilities totaling up to $65 million to Armenian banks for on-lending to SMEs. ACBA Credit Agricole, Ameriabank, Ardshininvestbank, and Inecobank were selected to be the banks proposed to participate in the program based on their credit profiles, their willingness and ability to expand their SME portfolios, and ADB s potential to add value under and beyond the program. Read More

Country Armenia
Borrower/Equity Investment Name ACBA CREDIT AGRICOLE BANK
Project Number 45903-014
Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7343
Approval Date 22 Nov 2011
Sector Finance
Subsector Small and medium enterprise finance and leasing
Safeguard Categories Environment: FI
Resettlement: FI
Indigenous People: FI

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