Financed ProjectsID Bank SME

Identification Code:

OP/26/0014

Total Operation Cost:

10.000.000

Maturity:

48 months

Operation Status:

Description and Purpose of the Operation:

ID Bank SME

Countries of Operation:

Armenia (100,00 %)

Financial Product:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

Loan for SME Financing to ID Bank, AM

Co-Financiers/Participants:

n/a

Guarantors/Sponsors:

n/a

Developmental and Regional Cooperation Impact:

SMEs are generally an important component in small economies, creating jobs, generating tax revenue and supplying inputs for larger companies to export. Thereby, any support to SMEs in Armenia will likely have also developmental and regional cooperation element.

Environmental Classification and Impact (summary):

ID Bank presents satisfactory acknowledgement of the importance of E&S risks in their lending and has incorporated operational processes and principles to this end.

Operation Leader:

Financial Institutions II

E-mail:

fi2@bstdb.org