PROJECT

Projects

Summary of Investment Information

Project Number

50308

Company Name

SLGP EC Acba

Date SPI Disclosed

Nov 8, 2024

Country

Armenia

Region

Europe

Projected Board Date

Dec 9, 2024

Environmental Category

FI-2 - Limited

Status

Pending Disbursement

Last Updated Date

Nov 19, 2025

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Dec 9, 2024
Signed : Dec 11, 2024

Sector

Commercial Banking - Risk Mgmt Facility

Additional Project Attributes

Blended Finance

Project Description

The proposed project consists of an unfunded Risk Sharing Facility (RSF) to Acba Bank OJSC (Acba Bank or the Bank), a commercial bank in Armenia with strong focus on agriculture sector. IFC will cover 50% of an up to US$50 million equivalent portfolio consisting of eligible loans to small and medium enterprises (SMEs), resulting in an IFC exposure of up to US$25 million equivalent. The RSF will support the Bank in expanding its SME-lending operations, enhancing access to finance for SMEs in Armenia, including women-owned businesses, agriculture and rural enterprises, and SMEs involved in health and education activities.

Associated Advisory Engagement

                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation