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Armeconombank IV

Armenia | Financial Institutions

Identification Code:: OP/25/0001
Total Operation Cost:: 20.000.000 USD
Maturity:: 60 months
Operation Status:: BSTDB Approved Amount – Approval Date

20.000.000 USD – 27 Mar 2025
: BSTDB Signed Amount – Signed Date

20.000.000 USD – 09 Apr 2025
: Status:
Active
Description and Purpose of the Operation:: Armeconombank IV
Countries of Operation:: Armenia (100,00%)
Financial Product:: SME's
Sector:: Financial Institutions
Domain:: Private
Borrower/Client:: 4th SME Loan Facility to ARMECONOMBANK OJSC
Co-Financers/Participants:: n/a
Guarantors/Sponsors:: n/a
Developmental and Regional Cooperation Impact:: The operation involves a loan for on-lending to small and medium sized enterprises (SMEs) that is expected to have modest but favorable economic benefits for the Armenian economy. The most relevant of these are the additional tax revenue gains from increased economic activity resulting from the financing provided. In addition, the financing will help further enhance benefits such as increases in employment, increase in export capacity and competitiveness, and multiplier effects for other parts of the economy. The regional cooperation element is similarly modest but positive. Other BSTDB countries are important trade partners for Armenia, so to the extent benefiting SMEs engage in export activities, there will be regional cooperation benefits.
Environmental Classification and Impact:: The Borrower has developed and implemented a comprehensive E&S management system consisting of the E&S Policy, E&S Risk Management Plan, and E&S Exclusion List.
Operation Leader:: Financial Institutions I
E-mail:: fi1@bstdb.org