Acba Bank will allocate 50 million euros to the development of SMEs in Armenia
Published on May 20, 2024
In cooperation with Acba Bank and the European Bank for Reconstruction and Development (EBRD), Acba will allocate a total of 50 million euros to the financing and development of small and medium-sized enterprises in Armenia.
Within the framework of cooperation, the EBRD uses a new financial instrument in Armenia. For the first time in Armenia, the EBRD will share the risk of repayment of loans provided by a financial institution. EBRD will assume up to 50% of the financial risks of 50 million euros allocated by Acba Bank to the financing and development of small and medium-sized enterprises. Cooperation will make it possible to further expand the financial support provided to SMEs in Armenia.