ACBA Leasing Recognized by EBRD "Best Partner in Green Financing for  Renewable Energy"

ArmInfo.  ACBA Leasing is  recognized by the European Bank for Reconstruction and Development  (EBRD) as the "Best Partner in Green Finance in the Renewable Energy  Sector". As stated in the official statement of the company, the  award ceremony took place on February 19.

The company's general  director Arsen Bazikyan noted that ACBA Leasing financed the purchase  of fixed assets and equipment for the renewable energy sector as part  of the Green Economy Financing program. "Financing a green economy is  one of the priorities of our company. We started financing green  projects with EBRD under the green leasing sub-brand with a fund of $  2.5 million, which further increased by another $ 4 million. 

At the moment, negotiations with our partner have been completed ,  with the result that another $ 2 million will be provided for green  financing, "he said. According to A. Bazikyan, over 40 programs have  been implemented in all regions of Armenia. "Membership in the  ACBA-Credit Agricole financial group provides us with a good  opportunity, through the extensive branch network of ACBA-Credit  Agricole Bank, to issue loans in 59 branches covering not only the  capital, but all regions of Armenia," he said.According to the  report, under the Green Leasing sub-brand, the company has  implemented over 800 projects since 2014, having invested more than $  20 million in the Armenian economy.Note that ACBA Leasing is the  first leasing company in Armenia, founded in 2003. ACBA Leasing is a  member of the ACBA-Credit Agricole financial group. The holder of a  100% stake in ACBA-Leasing is the Armenian ACBA-Credit Agricole Bank.