EBRD provides $20 million loan to Armenia’s ACBA-CREDIT AGRICOLE BANK for on-lending to private companies | ArmBanks.am

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EBRD provides $20 million loan to Armenia’s ACBA-CREDIT AGRICOLE BANK for on-lending to private companies

25.06.2020 17:11

EBRD provides $20 million loan to Armenia’s ACBA-CREDIT AGRICOLE BANK for on-lending to private companies

YEREVAN, June 25. /ARKA/. The European Bank for Reconstruction and Development (EBRD) said today it is providing a US$ 20 million loan to ACBA-CREDIT AGRICOLE BANK for on-lending to private companies in Armenia that have been affected by the economic impact of the coronavirus pandemic.

ACBA-Credit Agricole, a long-standing partner bank of the EBRD since 2003, is one of the leading banks in Armenia with a strong position in lending to agriculture and micro, small and medium-sized enterprises (MSMEs) in rural areas in particular. With its network of 60 branches in all regions of Armenia, it can reach out to many clients that may be affected by this volatile period.

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Tags: ACBA-Credit Agricole bank, Armenia, EBRD, on-lending, private companies

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