ACBA Leasing: 280 non-gasified communities on preferential terms will  be able to purchase leasing equipment for obtaining clean energy

ArmInfo. The leasing company ACBA Leasing and the Renewable Energy and Energy Saving Fund of Armenia signed an agreement on cooperation to increase energy  efficiency in the non-gasified communities of Armenia.

As the press-service of the Bank ACBA-Credit Agricole informs, within  the framework of the agreement, residents and legal entities of the  order of 280 communities will have an opportunity to purchase leasing  equipment for obtaining clean energy on leased terms.

According to the source, the conditions proposed by ACBA Leasing  under this agreement are as follows:  financing is carried out in  drams, annual interest rate is 7%, prepayment is from 0%, maturity is  up to 8 years.

"In 2014, ACBA Leasing created its subbrand "Green Leasing", within  which we started financing the purchase of equipment for obtaining  clean energy, which is a priority for us. This is evidenced by the  financing of about 500 green-programs. We will continue to pay  special attention to the implementation of such projects, since this  sphere, in addition to being a business line, is considered a  manifestation of the social responsibility of our banking group both  in terms of protecting the environment and the public," said ACBA  Leasing CEO Arsen Bazikyan.

ACBA-Leasing is the first leasing company of Armenia, founded in  2003. The shareholders are the French company Credit Agricole Leasing  & Factoring and the Armenian ACBA-Credit Agricole Bank. ACBA- Leasing  is the leading leasing company in the Armenian market, its coverage  reaches 80%. Among the company's priorities are financing for the  purchase of energy-efficient and energy-efficient equipment,  implemented under the Green Leasing brand, created by ACBA-Leasing in  2014.

According to the Financial Rating of Banks and Credit Companies of  Armenia prepared by NA ArmInfo, the volume of leasing operations  increased by 11% in 2016, making 16.7 billion AMD. A year earlier, in  2015 the volume of leasing operations decreased by 20%. The volume of  leasing operations of ACBA- Leasing by January 1, 2017 amounted to  13.1 billion drams with an annual growth of 12%. In the total volume  of leasing operations of banks and credit companies, the share of  ACBA-Leasing is 78.5%.