Loans Provided within the Framework of the “European Investment Bank” Program

Take advantage of mutually beneficial lending program under financial support of European Investment Bank (EIB).

Loans Provided within the Framework of the “European Investment Bank” Program




  • RA resident legal entities and individual entrepreneurs:
    • SMEs (number of employees does not exceed 250) 
    • Mid-capitalization organization (number of employees 250-3000)
  • Analysis of financial statement of the borrower should be in line with the Bank’s requirements


  • Agriculture, fishing, forestry,
  • Production,
  • Electricity, gas and ventilation supply,
  • Water supply: management of sewerage, waste and recovery activities,
  • Construction,
  • Wholesale and retail trade, repair of engines and mobile equipment,
  • Transport and storage,
  • Hotel and catering activities,
  • Information and communication,
  • Professional, scientific and technical activities,
  • Administrative and support service activities,
  • Education,
  • Health and social services,
  • Art,
  • Other investments that are in line with project’s requirements.





  • In case of pledge: AMD 5.000.001 –
  • Without pledge:  (guarantee provided by at least one physical individual or legal entity) AMD  1.000.000 – 5.000.000



Repayment period

24 – 90 months

Grace period for principal

Can be provided for up to 30 months

Annual nominal interest rate

9.5 %

Variable component

  • Refinancing rate of CB of RA


  • 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 working and capital complete product can be accepted as pledge (taking into consideration the liquidity level of other pledge, loan to value ratio, loan term, customer’s profile and other).

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 working capital: up to 50% of the value


Upon need

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


  • Application review fee  - AMD 0
  • In case of providing services  in scope of cash desk operations  at the time of loan provision , tariffs defined for cash desk operations set by the “Terms and conditions” of the Bank are applied

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

  • Within the scope of the program refinancing of existing loans is not supported

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