INECOBANK CJSC
Status: Completed investmentWhy disclosure?
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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
Inecobank is a mid-size privately owned commercial bank operating in Armenia. The bank specializes in financing small and medium-sized enterprises (SMEs).
What is our funding objective?
The project will improve access to finance for Armenian SMEs that remain underserved and will contribute to the 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 capacity of the banking sector in Armenia. Inecobank's clear SME focus together with strict on-lending criteria will ensure that FMO's funds will be channeled exclusively to SMEs.
More investments
| Date | Total FMO financing |
|---|---|
| 9/15/2022 | USD 15.00 MLN |
- Region
- Europe & Central Asia
- Country
- Armenia
- Sector
- Financial Institutions
- Effective date
- 9/18/2015
- End date
- 8/20/2020
- Total FMO financing
- USD 15.00 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