Loans Provided within the Framework of Renewable Energy and Energy Saving Program

Evocabank offers beneficial loans within the framework of Armenia’s renewable energy and energy saving fund program

Loans Provided within the Framework of Renewable Energy and Energy Saving Program




  • RA resident legal entities and individual entrepreneurs
  • Analysis of financial statement of the borrower should be in line with the Bank’s requirements


In non-gasified and gasified communities:

  • renewable energy equipment
  • energy saving measures
  • acquisition, re-equipment of energy-saving equipment



  • With pledge: AMD 3,000,001-50,000,000 or equivalent foreign currency
  • Without pledge: (minimum 2 guarantees provided by physical individual or legal entity) AMD 1,000,000-3,000,000 or equivalent foreign currency

Provision  method


Repayment period

Up to 96 months

Annual nominal interest rate

AMD - 12%
USD - 8%


  • Movable and immovable property
  • Monetary funds available on deposit or current accounts
  • Standard gold bars or scrap
  • Short term bonds issued by the government or other securities
  • If needed, along with other pledge the equipments to be purchases within the framework of the program can also be pledged
  • Additional condition - Personal guarantee provided by business founders/beneficiary owners is mandatory. Meanwhile, as additional security the Bank can also request other guarantee provided by physical individual and/or legal entity

Acceptable loan to value ratio

  • For immovable property and other fixed assets: up to 70% of the property value
  • For short term bonds issued by the government: up to 95% of the nominal price
  • For other securities: up to 70% of the evaluated price
  • For standard gold bars and scrap of precious metals: up to 95% of the value
  • Monetary funds (in case of deposit and current account): up to 90%
  • For equipment to be purchased: up to 50% of the evaluated price


Upon need

Loan early repayment penalty

No penalty is applied

Penalty for loan principal and/or interest overdue

  • For overdue principal - 0,015 % daily
  • For overdue interest - 0.1% daily

Loan repayment method


Requirements for the guarantors

  • RA resident legal entity, individual entrepreneur or physical individual
  • No overdue liabilities (including for the guarantees provided)
  • No any classification of credit facilities for the last 12 months, and the sum of total overdue days should not exceed 30 days 


Not applicable

State duties and other fees

  • State duties paid to the RA government: are paid for ratification and registration of the pledge agreement
  • Valuation fee for pledged securities: according to the tariffs defined by the independent valuating companies

Additional terms

In case of refinancing of loans provided to legal entities and individual entrepreneurs, 20% co-financing is done

Online and Mobile Banking

Evocabank is a fast, simple and innovative service bank, distinguished by the active use of the latest information technologies.

Become a client
Download the Application