YEREVAN, April 26. /ARKA/. As part of a joint program ‘Energy Efficiency for SMEs’ implemented with the German KfW Bank, ACBA-CREDIT AGRICOLE BANK has unveiled a new loan product designed for small and medium-sized businesses to improve their energy efficiency.

According to a bank’s press release, the loans called "GREEN" are provided in the amount of up to 500 million drams at an interest rate 10.9% and repayment term of 2-5 years. Details about the loan can be found here.

The bank said also if necessary, it will carry out free energy audit and consulting to ensure maximum effectiveness of investments. At the same time, at least 70% of the loan should be used for ensuring energy efficiency.

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ACBA-CREDIT AGRICOLE BANK sets an example of how to promote usage of energy-saving technologies and to protect environment by using them, the press office of the bank reported on Wednesday

Categories: Banks @en, General news, News, News of the hour | Comments Off on ACBA-CREDIT AGRICOLE BANK’S GREEN LOANS to contribute to environment protection

Tags: ACBA-Credit Agricole bank, ENVIRONMENT, GREEN LOANS, protection

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