Financed ProjectsBeer of Yerevan Corporate Loan

Identification Code:

OP/05/0503

Total Operation Cost:

0

Maturity:

71 months

Operation Status:

Description and Purpose of the Operation:

BSTDB provided a long-term secured loan to CJSC Beer of Yerevan for the modernization of Armamast LLC, a malt-processing enterprise of CJSC Beer of Yerevan, which is located in Armenia.

Countries of Operation:

Armenia (100,00 %)

Financial Product:

Loans

Sector:

Consumer Staples

Domain:

Private

Borrower/Client:

CJSC Beer of Yerevan CJSC "Beer of Yerevan" is one of the largest producers of beer in Armenia with high quality products and successful strategies in distribution and marketing.

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The BSTDB financing will contribute to the development of the agricultural and food processing sector of Armenia and have a positive impact in trade with neighbouring countries via exports of malt and beer. Moreover, the operation is expected to establish new job opportunities and result in a transfer of the modern technology and know-how.

Environmental Classification and Impact (summary):

Screened as B0. Environmental Assessment concluded that the Borrower's environmental, health and safety performance is outstanding, and the plant management shows strong commitment in complying with Armenian EH&S requirements and also with the EU subject requirements. The Borrower is required to remain compliant at all times with applicable Armenian EH&S rules and regulations, as well as meet the Bank’s subject requirements; and submit annual EH&S performance reports.

Operation Leader:

General Industries, Transport, Tourism 1

E-mail:

gitt1@bstdb.org