45903-044: Inecobank (ARM: SME FINANCE PROGRAM)

Project Data Sheet (PDS): Overview


ADB proposes to extend 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 INECOBANK CJSC
Project Number 45903-044
Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7346
Approval Date 22 Nov 2011
Sector Finance
Subsector Banking systems and nonbank financial institutions
Small and medium enterprise finance and leasing
Safeguard Categories Environment: FI
Resettlement: FI
Indigenous People: FI

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