ArmInfo.The French Development Agency and the National Mortgage Company are celebrating 10 years of their partnership for the energy transition. Ambassador Extraordinary and Plenipotentiary of France to Armenia Olivier Decottignieshas wrote on X page.
" The French Development Agency is on Armenia's side: 16 thousand beneficiary households across the country. More comfort and savings for families, less energy dependence for Armenia," the diplomat noted.
In 2014 it was reported that in June the French Development Agency (AFD) would begin a phased implementation of a program to improve the energy efficiency of housing and finance microloans. As stated by head of the marketing department of the National Mortgage Company (NMC) Mayranush Grigoryan, in connection with the launch of this program in March, French consultants will arrive in Yerevan: they will conduct master classes in those banks that will cooperate with this agency. It was noted that according to the loan agreement signed between the National Mortgage Company and the French Development Agency, the agency will provide a loan equivalent to 10 million euros for a period of 12 years. The program was supposed to finance 3,000 loans for families with average and low incomes to improve their housing conditions and increase the energy efficiency of housing. National Mortgage Company (NMC) CJSC specializes in refinancing mortgage loans provided by credit organizations. NMC has been operating in the financial market of Armenia since 2009. The sole shareholder of the company is the Central Bank of the Republic of Armenia. The French Development Agency (AFD) was founded in 1998 and is the operator of the bilateral development of the financial mechanism of the French Republic. Under the jurisdiction of the Ministries of Foreign Affairs, Economy and Finance, Overseas Territories and Interior of France, the Agency is a trade and industrial state institution, and in developed countries and French overseas territories it fights poverty and promotes economic growth. Effective cooperation of the Republic of Armenia with the FAR began in 2012.