Gcf Geff Regional Tender

Project ID: 56464
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 loan to Industrial Construction Bank CJSC (Ardshinbank CJSC) of up to EUR 20m, of which up to EUR 15m to be provided by the European Bank for Reconstruction and Development ("EBRD") and up to EUR 5m by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The loan will have a tenor of up to 5 years.

Project Objectives
The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local private sector commercial sub-borrowers in a gender-responsive way, in line with the standards and reporting requirements of the GEFF in Armenia. 100 per cent of the loan proceeds will be related to Green Economy Transition investments. Ardshinbank will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants.

Transition Impact
The project supports the Green TI quality through the provision of funding and know-how to financial intermediary, financing private sector investments in high performing climate change mitigation and adaptation technologies and solutions. This will facilitate Armenia's transition to environmentally sustainable, low-carbon and climate-resilient economy.