ArmInfo.Evocabank will receive a EUR 19.4 million financial package from the European Bank for Development and Reconstruction (EBRD) to support local MSMEs and large enterprises.
As noted in the EBRD press release, the package consists of three facilities: a main loan of up to EUR 10 million, a green loan of up to EUR 5 million, and trade finance of EUR 4.4 million. The financing package was agreed on 14 May by Francis Malige, EBRD's Managing Director for Financial Institutions, and Karen Yeghiazaryan, Evocabank's CEO and Chairman of Management Board, at the EBRD's 2025 Annual Meeting and Business Forum in London. The deal marks the first partnership between the EBRD and Evocabank.
The EBRD and Evocabank have signed agreements aimed at strengthening their support for enterprises in Armenia and accelerating the country's transition to a green economy.
The financing package consists of three facilities: - a senior loan of up to ?10 million to increase access to finance for micro, small and medium-sized enterprises (MSMEs), helping local businesses to grow and strengthen their resilience; - a green financing facility of up to ?5 million under the EBRD's Green Economy Financing Facility (GEFF), supported by the Green Climate Fund (GCF) and the Climate Investment Funds (CIF), which will help businesses to invest in climate mitigation and adaptation technologies that improve productivity and reduce operating costs; - a ?4.4 million trade finance line under the EBRD's Trade Facilitation Facility (TFP), which will enhance trade flows and enable local businesses to access new markets through stronger international trade links.
Francis Malige said: "This partnership with Evocabank will play a crucial role in providing finance to underserved segments of the Armenian economy, while also supporting the deployment of green technologies. We are delighted to welcome Evocabank as our new partner bank in Armenia." Karen Yeghiazaryan added: "Evocabank is proud to join the EBRD's network of partner banks. This cooperation strengthens our capacity to support Armenian entrepreneurs and businesses, especially in promoting innovation, sustainability and access to international markets."
Note that since the start of its operations in Armenia in 1992, the EBRD has invested more than ? 2,5 billion in 224 projects in the country's financial, corporate, infrastructure and energy sectors, with 84 per cent of that investment going to the private sector.
