Non-revolving credit line for Ardshinbank CJSC to develop SMEs
Project overview
A non-revolving, purpose-specific credit line to support SMEs in Armenia.
Sustainable development impact
The project may expand the borrower’s business lending and customer base, helping to develop the real economy.
The financing will support SME programmes in Armenia. Supporting SMEs is an effective means of promoting sustainable growth, particularly during an economic downturn.
The borrower is an important source of development finance. It specialises in lending to corporate clients and SMEs and plans to expand its share of the SME lending market.
The financing may support employment and household welfare and increase tax revenue.
During an economic downturn, SME support is particularly important for preserving jobs, incomes, public revenue and social stability.
Subprojects may introduce new technologies, as most financing will be used for purposes other than working capital.
Integration effect
The project may increase trade between the Bank’s member states.
Subprojects may involve supplies of raw materials between member states for further processing.
