fbpx 50074-002: Ameriabank CJSC: Capacity Building for Ameriabank | Asian Development Bank

Armenia: Ameriabank CJSC: Capacity Building for Ameriabank

Nonsovereign (Private) Project | 50074-002 Status: Dropped / Terminated

Project Details

Project Officer
Rohner, Tina Private Sector Operations Department Request for information
Country
  • Armenia
Sector
  • Finance
 
Project Name Ameriabank CJSC: Capacity Building for Ameriabank
Project Number 50074-002
Borrower/Company
Country Armenia
Location Nation-wide
Type or Modality of Assistance
9664 Technical Assistance USD 400,000 Proposed
9664 Technical Assistance USD 200,000 Proposed
Strategic Agendas Inclusive economic growth
Drivers of Change Private sector development
Sector / Subsector

Finance / Finance sector development - Inclusive finance

Gender Equity and Mainstreaming Some gender elements
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Financial Institutions Division
Responsible ADB Officer Rohner, Tina
Project Sponsor(s)
Objectives and Scope
Linkage to Country/Regional Strategy

(1) Consistency with ADB Strategy and Country Strategy. Under the Midterm Review of Strategy 2020, ADB aims to strengthen its support for the finance sector by assisting the development of financial infrastructure, institutions, and products and services; and by promoting inclusive growth. FIAR''s emphasis on funding segments where the potential for employment and income generation is high will support inclusive growth. The ADB loan will help the borrower provide loans to MSMEs in order to realize their investment needs. This is consistent with the government's efforts to promote growth and economic diversification, and ADB''s country partnership strategy with Armenia, 2014-2018.

(2) Consistency with Sector Strategy and Relevant ADB Operations. ADB plays a tangible role in supporting the deepening of financial services in Armenia. In 2011 ADB supported 4 banks in Armenia through senior loans totaling $65 million. ACBA Credit Agricole, Ameriabank, Ardshininvestbank and Inecobank were the banks selected in the SME Finance Program through which ADB loan proceeds were on-lent to SMEs. The loan to FIAR will continue ADB''s efforts in strengthening and developing Armenia's financial market and supporting MSMEs. It complements sovereign programs in the financial sector such as the Women's Entrepreneurship Support Sector Development Program (2012).

Safeguard Categories
Environment
Involuntary Resettlement
Indigenous Peoples
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance -
Credit Committee Meeting -
Approval -
Last PDS Update 01 Apr 2019

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Evaluation Documents See also: Independent Evaluation

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Related Publications

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