📋 Tender Overview
Project Number
50709
Company Name
ACBA BANK OJSC
Date SPI Disclosed
Feb 12, 2025
Country
Armenia
Region
Europe
Projected Board Date
Mar 12, 2025
Environmental Category
FI-3
Status
Pending Signing
Last Updated Date
Department
Regional Industry FIG LAC & EUR
Industry
Financial Institutions
Previous Events
Approved : Nov 11, 2004
Sector
Commercial Banking - Trade
Project Description
The project is an unfunded trade finance facility to Acba Bank OJSC (Acba Bank or the Bank or the Issuing Bank) in an aggregate amount of approximately US$5 million under IFC’s Global Trade Finance Program ( GTFP ) in the form of a trade line pursuant to which IFC would guarantee letters of credit and other trade instruments issued by the Bank to support the Bank’s trade program. The GTFP proposed investment will offer Confirming Banks partial or full guarantees covering payment risk of the Bank in Armenia for their trade-related transactions.
