📋 Tender Overview
Location: Armenia
Project number: 55335
Business sector: Financial institutions
Notice type: Private
Environmental category: FI
EBRD Finance Summary: EUR 25,000,000.00
Total Project Cost: EUR 50,000,000.00
Project Description
Portfolio Risk Sharing ("PRS") in the form of an unfunded guarantee of up to EUR 25m provided by the Bank in favour of ACBA Bank. The guarantee will cover up to 50% of the credit risk on a pro rata basis on the newly-generated MSME loan portfolio originated by ACBA Bank.
Project Objectives
This project is the first pilot implementation of the Portfolio Risk Sharing product by the EBRD in Armenia. The product aims to release a bank's risk-taking capacity to boost on-lending to SMEs, addressing an SME financing gap in the market.
Transition Impact
ETI score: 60
The transition impact of the project derives from Competitive and Resilient transition qualities: the facility will enable ACBA to further expand lending operations to the SME sector in Armenia and derisk ACBA's SME lending operations.
