HERE AND BEYOND
Announcement
Media Room

The EIB, the long-term lending bank of the European Union, continues intensive investment activity in Armenia providing special terms of finance to Armenia-based enterprises. The project supports financed businesses providing access to preferential terms of finance under the investment program.

Within the scope of the program targeted at development of agri-food processing and tourism, Armenia-based enterprises have access to finance under the following conditions: 

  • Currency: AMD
  • Nominal interest rate: 9 - 9.5%
  • Effective interest rate: 9.7-13.9%
  • Term: 6-90 months, with a grace period up to 24 months.

Eligible borrowers include small and mid-sized private businesses with up to 250 employees, as well as mid-cap enterprises with gross number of employees ranging between 250 and 3,000. 

Through an agreement with the European Investment Bank, Ameriabank is consistently supporting small and medium sized businesses (SMEs) and mid-cap enterprises having less than 3,000 employees by providing access to an invaluable source of lower cost finance and flexible repayment schedules.


About EIB

 

The EIB is the long-term lending bank of the European Union with a special role to finance investment projects in support of EU policy objectives. With a view to supporting EU external action, by decision of the European Parliament and of the Council, the EIB is granted an External Mandate to finance corresponding projects outside the EU. 

 

Ameriabank is controlled by the CBA. 

Updated 23.10.2019, 16:23
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