Yerevan
Tbilisi
Moscow
Paris
Los Angeles
Beijing
English
Հայերեն Русский
Main Timeline Video Share
May the Holiday Warm Hearts: Idram and IDBank Support the Children of Heroes Beneficiaries of the "By Your Side" program at IDBank AraratBank Named Large CSR Company of the Year Idram Joins the Fight Against Food Insecurity Ucom’s Renovated Sales and Service Center in Yerevan Mall Reopens 1% idcoin instead of New Year’s suffering: practical tips Idram Junior Donated Books to Schools Big Christmas Market with Idram, IDBank and idplus Ucom Supports Wildlife Monitoring in Ararat Region IDBank, Idram, and idplus at the Big Christmas Market Converse Bank Deputy CEO and CFO, Grant Akopian, Elected to BACEE Board Ucom and SunChild NGO Install a Solar Plant in Alaverdi Kindergarten
Timeline
The Widely Discussed Dvin Crown Project. A New Visibility Platform for Brands Has Emerged in the Heart of YerevanAmeriabank named Most Innovative Digital Bank in Armenia, alongside 9 Global Finance Digital Banking AwardsUnibank and Picsart Academy Host Kids Day for ChildrenUnibank Issues AMD and USD Bonds with Annual Coupon Rates of 10.3% and 6%Artur Hovhannisyan and the Ambassador of Bulgaria to Armenia discussed a number of programs of mutual interest to Armenia and Bulgaria A new and fantastic story was born in the heart of Yerevan—the spirit of the old city at Hayasa Hotel Old YerevanConverse Bank is Lead Sponsor of the BACEE International Banking Conference Ralph Yirikian on the Cost of Digital Transformation at the 13th Regional HR Conference You Can Now Pay with Idram on Glovo: The Long-Awaited Partnership Is Now a RealityRate.Trading: Currency Exchange on a New Digital PlatformIdram's "City of Good Deeds": From Teamwork to Real Charitable Projects Ucom and FAST Bring Together Artificial Intelligence and Green Innovation From Car Selection to Purchase – All in One Place: Ameriabank to Present its Myar.am Platform and Special Offers at Armenian Auto Show IDBank and the “Dekavva Fund” Stand with People from Artsakh Ucom Supports AI-Powered Camera Installation for Nature Conservation Dmitry Ishkhanov Opens the New Steinway’s Concert Life in Pardubice Ucom Fellowship Participants Meet Ralph Yirikian at UcomUnibank Becomes Title Sponsor of Alashkert Football ClubSergey Smbatyan’s Music for Future Foundation and the Lang Lang International Music Foundation Invite Young Pianists to Apply for the Prestigious Lang Lang Young Scholars ProgramUnibank Call Center Now Available 24/7 on Weekdays
All Timeline »
Society

ARARATBANK and FMO Expand Cooperation with a $25 Million Loan Agreement

ARARATBANK OJSC and the Dutch entrepreneurial development bank (FMO) announce the signing of a new $25 million loan agreement, further strengthening and expanding their multi-year cooperation in business financing.

40% of the new loan funds will be directed toward green projects, while 60% will finance programs aimed at reducing social inequality.

Mher Ananyan, CEO of AraratBank, stated: "Our long-term cooperation with FMO is entering a new phase with the launch of this facility. The implementation of green and socially significant projects is strategically important for us, as they will contribute to the sustainable development of our country and reduce social inequality."

Ruhi Cosgun, FMO's Financial Institutions Manager for the ECA MENA region, added: "FMO and AraratBank have built a strong and successful partnership since 2014. FMO's new loan will support environmental projects, small businesses, and women-led enterprises in a country where almost 30 percent of the population lives at the poverty line, which closely aligns with FMO's impact objectives. At the same time, we are very pleased to contribute to AraratBank’s loan portfolio growth and its sustainability strategy"

Marieke Monroy-Winter, Ambassador Extraordinary and Plenipotentiary of the Kingdom of the Netherlands to Armenia, stated: "I am glad to see the enlargement of FMO activities in Armenia and continuous collaboration with AraratBank. This collaboration is a proof of unlocking financial-economic cooperation potential. This is also in line with recently signed Joint Declaration of Strategic Partnership between the Republic of Armenia and the Netherlands."

The cooperation between the two financial institutions began in 2014 with a $15 million loan agreement, while under the "NASIRA" loan portfolio guarantee, total financing reached approximately $35 million, providing over 2,000 loans to around 1,500 SMEs and agricultural enterprises. To date, the total amount raised from FMO exceeds $100 million.