Mon, 30 June
21.1 C
Yerevan
USD: 384.32 RUB: 4.89 EUR: 450.23 GEL: 141.11 GBP: 527.56

ACBA Leasing cjsc awarded Excellent Impact Award by EBRD for supporting green investment in renewable energy

YEREVAN, February 20. / ARKA /. ACBA Leasing CJSC has been given the Excellent Impact Award by the European Bank for Reconstruction and Development (EBRD) for supporting green investment in renewable energy.

The awards to financial institutions, suppliers and producers of green technologies were handed during a February 19 ceremony held to launch the new Green Economy Financing Facility (GEFF) program in Armenia.

“Within the framework of the program we have funded the acquisition of energy-saving, as well as renewable energy equipment and fixed assets. Financing of green economies is one of the priorities of our company,’ said ACBA Leasing CEO Arsen

According to him, ACBA Leasing CJSC has started financing green projects together with EBRD under the Green Leasing subbrand through about a $2.5 million fund that later was supplemented by another $4 million.

‘Now, after the completion of negotiations with our partner, it has been decided to provide ACBA Leasing with another $2 million financing. More than 40 projects have already been implemented in all regions of Armenia. As a member of ACBA-CREDIT AGRICOLE financial group, we have great opportunities to provide funding through 59 branches of ACBA-CREDIT AGRICOLE BANK,” said Arsen Bazikyan.

Under Green Leasing subbrand ACBA Leasing, has implemented over 800 projects since 2014 having invested more than $20 million in Armenia.

ACBA Leasing CJSC founded in 2003 is the first specialized leasing organization registered in Armenia. The company is an absolute leader in the market, and one of the initiators of legislative changes in this area. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ameriabank’s MyInvest Platform Gains Direct Access to AMXTrader Trading System

Ameriabank has become the first bank in Armenia to provide its investment clients with direct access to the Armenia Stock Exchange (AMX) trading system, AMXTrader, through the MyInvest platform.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Average annual exchange rate of dram against USD is forecast at 392 drams in 2025 – EDB

The average annual exchange rate of the Armenian dram against the US dollar is forecast at 392 drams in 2025, according to the macroeconomic review of the Eurasian Development Bank for seven member countries for 2025–2027.

LATEST NEWS

spot_imgspot_imgspot_img