Revolving credit line for Armswissbank CJSC for trade finance
Project overview
A revolving credit line for trade finance.
Sustainable development impact
The project supports the borrower’s business lending and growth in its customer base, contributing to the real economy.
Supplies of equipment for new facilities and raw materials for expanding sub-borrowers’ existing production may create jobs and increase tax revenue.
The borrower’s subprojects may raise tax revenue at different levels of government as production expands. Information on their specific socioeconomic and environmental effects is unavailable.
The project may indirectly support the real economy, improve household welfare and benefit the environment.
Subprojects will finance the borrower’s customers’ purchases, renewal, expansion and modernisation of fixed assets, as well as other long-term investment.
Integration effect
The financing will cover trade contracts between Armenian companies and companies in the Bank’s member states.
