Project Description
The Project consists of a long-term senior loan to AEB and a parallel long-term senior loan mobilized from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (“FMO”). Proceeds of loans will be used to finance investment projects of Armenian SMEs. The project will help the Bank expand its client base and provide funding to small- to medium-size enterprises (“SME”) from various economic sectors throughout all regions of Armenia to help them overcome the consequences of the economic crisis and ensure their long-term growth. SME sector plays an important role in Armenian economy in terms of contribution to the total GDP as well as job generation.