Central Bank, KfW sign loan agreement worth 15 million Euros
16:10, 19 December 2017YEREVAN, DECEMBER 19, ARMENPRESS. The Central Bank of Armenia (CBA) and the German KfW on December 18 signed a loan agreement on “Financing the energy-saving projects of micro, small and medium enterprises” worth 15 million Euros, the CBA told Armenpress.
The distribution of loan resources will be carried out by commercial banks and credit companies which will bear the loan risk of the distribution of resources.
The resources will be directed for providing loans to energy-saving projects of micro, small and medium enterprises giving new opportunities to the enterprises to be equipped by more energy-efficient and modern technologies.
Within the frames of the partnership technical assistance measures will also be provided under which the project beneficiaries will be provided with a respective consultation.
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