45903-044: Inecobank (ARM: SME FINANCE PROGRAM)

Project Data Sheet (PDS): Overview


Description

ADB proposes to extend debt facilities totaling up to $65 million to Armenian banks for on-lending to SMEs. ACBA Credit Agricole, Ameriabank, Ardshininvestbank, and Inecobank were selected to be the banks proposed to participate in the program based on their credit profiles, their willingness and ability to expand their SME portfolios, and ADB's potential to add value under and beyond the program. Read More

Country Armenia
Borrower/Equity Investment Name INECOBANK CJSC
Project Number 45903-044
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7346
Approval Date 22 Nov 2011
Geographical Location Armenia
Sector / Subsector Classification Not yet classified
/ For Classification
Thematic Classification Not yet classified

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Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Project Data Sheets (PDS)

Responsible ADB Officer
Monisha A. Hermans
Request for information

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Private Sector Financial Institutions Division

Last PDS Update
11 Oct 2011

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