ACBA-CREDIT AGRICOLE BANK offers green loans to SMEs to raise their energy efficiency
As part of a joint program ‘Energy Efficiency for SMEs’ implemented with the German KfW Bank, ACBA-CREDIT AGRICOLE BANK has unveiled a new loan product designed for small and medium-sized businesses to improve their energy efficiency.
According to a bank’s press release, the loans called "GREEN" are provided in the amount of up to 500 million drams at an interest rate 10.9% and repayment term of 2-5 years. Details about the loan can be found at //www.acba.am/hy/business/get-a-loan/energo-saving-loans.
The bank said also if necessary, it will carry out free energy audit and consulting to ensure maximum effectiveness of investments. At the same time, at least 70% of the loan should be used for ensuring energy efficiency.
ACBA was established in 1996 as part of EU’s TACIS program. As a result of a long-term and mutually beneficial cooperation between ACBA Bank and the French Credit Agricole the latter became the biggest shareholder of ACBA in 2006, September. ACBA was restructured, becoming a closed joint stock company and was renamed ACBA CREDIT AGRICOLE BANK. -0-