EBRD lends €135 million to Ardshinbank for small businesses in Armenia
Armenia, Nov. 26 -- The European Bank for Reconstruction and Development (EBRD) is extending a financial package worth €135 million (up to US$ 156 million) to Ardshinbank (ASHB), Armenia's largest bank, to boost local businesses' access to finance. The funds will help strengthen the competitiveness of micro, small and medium-sized enterprises (MSMEs), promote green finance and provide targeted support for refugee communities, aiding their integration and employment opportunities.The financial package is supported by the European Union (EU), the Green Climate Fund (GCF) and CIF. Together, these partners are helping to drive Armenia's transition to a greener and more inclusive economy. At least one-third of the proceeds will be allocate...
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