Cooperation within the financing program of the European Investment Bank
“Credit Concept” UCO CJSC lays down new foundations of cooperation for the attraction of credit resources in response to the needs of business SMEs operating in the fields of production, tourism and agriculture. For this purpose, on 26.01.2024, a cooperation agreement was signed with the Central Bank of Armenia, which allocates the funds of the “Armenia Economic Resilience Facility” loan agreement of the European Investment Bank (EIB) in the financial market of Armenia.
Within the framework of the cooperation agreement, the mentioned program funds of the European Investment Bank have become available to SME clients of “Credit Concept” UCO CJSC, who have the status of a legal entity or an individual entrepreneur, are active in the fields of production, tourism and agriculture and in align with the goals set by the EIB credit program.
Adhering to its mission and fundamental values, “Credit Concept” UCO CJSC expresses its readiness to make efforts towards the goal of the EIB as a donor organization, that is, to increase the economic resilience of Armenia, making financing available to its clients on favorable terms for this purpose. Thus, significantly improving the competitive potential of customers in the mentioned areas. Within the framework of the program, customers can be granted loans with significantly more favorable conditions than the current market lending conditions.
The European Investment Bank (EIB), which is the financial organization of the European Union, continues its active investment activities in Armenia, providing special financing conditions for Armenian enterprises. The feature of the program lies in the fact that lending organizations can get a financial advantage by taking advantage of the preferential conditions of the investment program.
Within the framework of the program, enterprises operating in RA can use the financing provided for the development of agriculture and tourism under the following conditions:
- Financing currency: AMD
- Nominal financing rate: 11%
- Financing period: up to 90 months with a grace period of up to 24 months.
The program can be used by all private small and medium-sized enterprises, the number of employees of which does not exceed 250.