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FIF - EaP SMEC II - InecoBank

Sector: Residential • Location: Armenia

Source: European Bank for Reconstruction and Development (EBRD)

Project
Repaying

Provision of a senior loan to Inecobank ("IB") of up to USD 9 million under the SME Competitiveness Programme in Eastern Partnership ("EaP SMEC") established by the European Bank for Reconstruction and Development ("EBRD") in cooperation with the European Union ("EU") to be on-lent to eligible micro, small and medium sized enterprises ("MSMEs") to support their investments in sustainable technolog

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The project “FIF - EaP SMEC II - InecoBank” is an infrastructure initiative in the Residential sector, located in Armenia. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

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Participants

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repaying

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Description

Description

Provision of a senior loan to Inecobank ("IB") of up to USD 9 million under the SME Competitiveness Programme in Eastern Partnership ("EaP SMEC") established by the European Bank for Reconstruction and Development ("EBRD") in cooperation with the European Union ("EU") to be on-lent to eligible micro, small and medium sized enterprises ("MSMEs") to support their investments in sustainable technologies as well as health and safety measures. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition ("GET") approach. In addition to long-term financing, eligible sub-borrowers will benefit from investment incentives upon successful completion of their investment projects.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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