ACBA Leasing to receive $2 million loan from EBRD

24.03.2016 18:27
ACBA Leasing to receive $2 million loan from EBRD

YEREVAN, March 24. /ARKA/. Armenian credit organization "ACBA Leasing" will receive a $2 million loan from the European Bank for Reconstruction and Development (EBRD). The loan agreement was signed on March 12.

According to an EBRD statement, this is already the second successful cooperation with EBRD, this time directed to energy saving equipment and technology leasing, implemented in the frame of Green Leasing, the company's sub brand operating for already two years.

This financing will provide an opportunity to SMEs and corporate clients - the program's main beneficiaries, - to take the advantage of the product "Green Leasing with Cash back" which implies 10% or 15% cash return from the leasing contract amount to the lessee.

ACBA Leasing and EBRD cooperate within the scope of EBRD’s Energocredit program aimed at financing businesses and individuals in the Caucasus region to implement energy efficiency and renewable energy projects.

The European Union Neighborhood Investment Facility offers from 10 or to 15 % cash back on your energy efficiency measures for successful eligible projects. Expert advice and technical assistance is provided by local and international experts, supported by the Austrian Ministry of Finance.

CJSC ACBA Leasing was founded in April 2003 and is the first leasing organization registered in Armenia. The assets of the organization in late 2015 stood at 127 billion drams and the leasing stood at 9.7 billion drams. Its liabilities were worth 9.4 billion drams and the capital - 3.2 billion drams ($ 1 - 479.93 drams).. -0-

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