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
|Borrower/Equity Investment Name||INECOBANK CJSC|
|Type or Modality of Assistance||
|Financing||Private sector (Nonsovereign)|
|Approval Date||22 Nov 2011|
Banking systems and nonbank financial institutions
Small and medium enterprise finance and leasing
Indigenous People: FI
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