Contribute Information
Can you contribute information about this project?
Contact the EWS Team
As stated by the EBRD, the project consists of the provision of a senior unsecured loan to ACBA Leasing in the amount of up to USD 5 million, of which up to USD 3.75 million to be provided by the European Bank for Reconstruction and Development and up to USD 1.25 million by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme.
The proceeds of the loan will be used to extend leases for the financing of investments in climate change mitigation and adaptation technologies by local private sector commercial sub-lessees 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. ACBA Leasing will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants.
ACBA Leasing is expected to benefit from the support of grant resources from the Green Climate Fund. Donor funds will support a comprenhesive technical assistance programme at the overall programme level to provide implementation support to ACBA Leasing and its customers, and verification of the outcome of completed projects. A non-TC grant from the Climate Investment Funds is also expected to provide investment incentives to end-borrowers.
The EBRD categorized the project environmental and social risk as 'FI'.
As stated by the EBRD, ACBA Leasing Credit Organization CJSC, incorporated in Armenia and owned by ACBA Bank CJSC, is the leader in the leasing market in Armenia.
Financial Intermediary - ACBA Leasing Credit Organization CJSC:
Ani Tadevosyan
Email: ani.tadevosyanh@acba.am
Phone: +37410318888
Website: https://acbaleasing.am/
Address: ACBA Leasing Credit Organization CJSC 0078, 1/1 Fuchik str., Yerevan, Armenia
ACCESS TO INFORMATION
You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en
You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html