Project detail - ARARATBANK OJSC

ARARATBANK OJSC

Status: Completed investment
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Why disclosure?

FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more

In case of questions

In case of questions, please contact us at disclosure@fmo.nl

Disclaimer

The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Araratbank is a mid-size privately owned commercial bank operating in Armenia. The bank operates via a country wide branch network and focuses on small and medium-sized companies as its main clientele.

What is our funding objective?

The project will improve access to finance for Armenian SMEs that remain underserved and will contribute to development of the real sector in the country, which continues to be one of the poorest in the region.

Why do we fund this investment?

The project adds to the overall lending capability of the banking sector in Armenia. The clear SME focus of the bank together with strict on-lending criteria will ensure that FMO's funds will be channeled exclusively to SMEs.

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Date Total FMO financing
5/17/2021 USD 25.00 MLN
10/22/2019 USD 10.00 MLN
4/24/2023 USD 20.00 MLN
8/29/2019 USD 10.00 MLN
Website customer/investment
http://www.araratbank.am
Region
Europe & Central Asia
Country
Armenia
Sector
Financial Institutions
Effective date
2/26/2016
End date
8/29/2019
Total FMO financing
USD 7.50 MLN
Funding
FMO NV
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
C