PROJECT

Projects

Summary of Proposed Investment

Project Number

29379

Company Name

ACBA Leasing Credit Organization CJSC

Date SPI Disclosed

Mar 18, 2010

Country

Armenia

Industry

Financial Markets

Projected Board Date

Apr 29, 2010

Status

Completed

Sector

Leasing Services

Department

Regional Industry FIG LAC & EUR

Environmental Category

FI

Previous Events

Approved : May 27, 2010
Signed : May 31, 2010
Invested : Jun 25, 2010

Project Description

The project is to provide term funding to ACBA Leasing CJSC, Armenia’s leading leasing company and subsidiary of ACBA Credit Agricole Bank. The funds will be used to finance leases of equipment to local SMEs. Leases are typically extended to finance purchase of transportation vehicles, manufacturing and agricultural equipment for tenor of up to five years

Sponsor / Cost / Location

Development Impact