Financed ProjectsArmenian SME

Identification Code:

OP/00/0190

Total Operation Cost:

260.000

Maturity:

60 months

Operation Status:

Description and Purpose of the Operation:

BSTDB and the Izmirlian Foundation established a joint credit line facility, the Joint Finance Facility, for direct lending to small and medium sized enterprises in Armenia whereby the Bank and the Izmirlian Foundation jointly financed Armenian SMEs.

Countries of Operation:

Armenia (100,00 %)

Financial Product:

Special Products

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

Tosp - $260,000 USD Hytex Plastic - $380,000 USD Oval Ltd. - $425,000 USD Valletta Ltd - $500,000 USD"

Co-Financiers/Participants:

Izmirlian Foundation

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

BSTDB's financing assisted the Armenian SMEs make new investment in the production facilities, increase volumes, support trade activities with the Black Sea countries and as result to foster employment and improve the business environment in Armenia.

Environmental Classification and Impact (summary):

The joint Credit Line Facility was in compliance with the Bank's environmental procedures and policies.

Operation Leader:

General Industries, Transport, Tourism 1

E-mail:

gitt1@bstdb.org