📋 Tender Overview
Project Number: 49805
Company Name: EVOCABANK CLOSED JOINT STOCK COMPANY
Date SPI Disclosed: Oct 24, 2024
Country: Armenia
Region: Europe
Projected Board Date: Nov 25, 2024
Environmental Category: FI-2
Status: Pending Approval
Department: CF6E2 - Regional Industry FIG LAC & EUR/FIG EUR2 Pol, Ukr, Mold, S Cauc
Industry: Financial Institutions
Sector: Commercial Banking - General
Project Description
The proposed investment to Evocabank Closed Joint Stock Company (Evocabank or the Bank) comprises of a Financing Package of: (i) an up to US$20 million senior A Loan on IFC own account in two equal tranches, and (ii) a B Loan of up to US$10 million to be disbursed after the first tranche of the A Loan. Additionally, the Project includes a trade finance guarantee facility under GTFP with a limit up to US$2 million (the Project). The proceeds of the Financing Package will be earmarked for financing micro, small and medium enterprises (MSMEs) with up to 50 percent of the proceeds dedicated to eligible climate related projects and 25 percent for financing women led enterprises.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington, DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
