Wednesday, April 26 2017 16:49

ArmInfo. Within the framework of the German bank KfW program "Energy Efficiency for SMEs", ACBA-Credit Agricole Bank offers GREEN-loans in the amount of up to 500 million AMD at an annual rate of 10.9% and a maturity of 2-5 years, ArmInfo was informed in the press service of the Bank.

According to the source, if necessary, the Bank will provide free audit and consulting. At least 70% of the amount provided should be aimed at ensuring energy efficiency.

More details on the terms of GREEN-lending can be found at: https://www.acba.am/hy/business/get-a- loan/energo-saving-loans

To note, "ACBA-Credit Agricole Bank" CJSC has been operating in Armenia since 1995. Since September 2006, the largest European banking group Credit Agricole SA has been the majority shareholder of the bank. With a 15.56% equity interest, followed by the participation of SJSC Sacam International (a member of the Credit Agricole SA group) in the amount of 12.44%, along with which there are 10 regional Unions of Villagers Assistance). In terms of coverage of the branch network and the number of regional branches, the bank takes the second position. In terms of lending to SMEs, ACBA-Credit Agricole Bank is included in the TOP-10 - as of January 1, 2017, 35 billion AMD or 16.5% of the bank's loan portfolio. The Bank traditionally leads the way in agriculture, but at the same time it actively finances other sectors of the economy, including retail lending.