ACBA Leasing to finance production of clean energy in Armenian communities

05.10.2017 17:20
ACBA Leasing to finance production of clean energy in Armenian communities

YEREVAN, October 5. /ARKA/. ACBA Leasing cjsc said today it will provide the communities in Armenia not connected to the natural gas network with preferential financing for the purchase of equipment that is used for production of clean energy.

To that end ACBA Leasing cjsc and the Armenian Renewable Energy and Energy Efficiency Fund signed a cooperation agreement aimed at improving the energy efficiency of communities, which are not connected to the natural gas networks.

Under the agreement, about 280 residents and legal companies of communities will be able to obtain, on preferential terms, appropriate equipment for the production of clean energy.

ACBA Leasing offers the following preferential financing terms: 0% prepayment with annual interest rate of 7% and 8-year maturity. The financing will be provided in Armenian drams.

"In 2014 ACBA Leasing established a sub-brand "Green Leasing" designed for provision of financing for the purchase of equipment used for the production of clean energy. The financing of the purchase of energy-saving equipment and equipment for the generation of solar energy is an important area for us, as evidenced by the implementation of more than 500 "green projects," said Arsen Bazikyan, CEO of ACBA Leasing.

He said the company will continue to pay attention to the implementation of such projects, as they pursue not only business goals, but are also a manifestation of the social responsibility of the banking group, and are important both in terms of environment protection and the public.

ACBA Leasing cjsc was founded in 2003. It is the first specialized leasing organization registered in Armenia. The company is the absolute leader in the market (80%), as well as one of the initiators of legislative changes in this area. The main shareholders of ACBA Leasing are ACBA-CREDIT AGRICOLE BANK - 54% and Сredit Agricole Leasing & Factoring - 38%. -0-


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