Fif Sme Loan Tender

Project ID: 56462
Status: Concept Reviewed
Location: Armenia
Business Sector: Financial Institutions
Notice Type: Private
Environmental Category: FI
Approval Date: 08 Oct 2025
Disclosure date: 20 Aug 2025
Project Description
Provision of a senior unsecured loan to Industrial Construction Bank CJSC (Ardshinbank CJSC) in amount of up to EUR 110m under the Financial Intermediaries Framework ("FIF") for on-lending to private micro, small and medium enterprises ("MSMEs") in Armenia. The loan will have a tenor of up to 5 years.

Project Objectives
The project will improve access to finance for MSMEs, which are the main source of employment in the private sector and a major contributor to the economy in Armenia. The loan will enable Ardshinbank to increase its outreach and meet unsatisfied demand for longer term funding from MSMEs. The focus will also be on lending in the regions outside of the capital and attracting new MSME clients.

Transition Impact
Competitive: Ardshinbank will expand its MSME loan portfolio with a focus on reaching regional MSMEs and attracting new clients.