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 Power of One Dram Joins the Final Phase of the Symphonic Forest ProjectIdram&IDBank’s Special Offer at Dalma Garden MallUcom’s Management Team Marks International Client’s Day with Subscribers IDBank and Idram Continue Cooperation with the “ZARK” Educational FoundationIDBank issued the 2nd and 3rd tranches of bonds of 2026Ucom Issues Warning on New Wave of Phone Scams IDBank Launches Special Campaign for SWIFT TransfersConverse Bank shares its capital market expertise at the IV Conference Capital Markets ArmeniaUcom’s Level Up+ Packages with the Fastest Mobile Internet in Armenia The Badalyan Brothers Group of Companies Paid about 33.2 Billion AMD in Taxes and Duties to the State in 2025IDBank Announces the Launch of the IDDistributor Financial ToolSafe Workplace as a Guarantee of DevelopmentSpring Promotion at Megamall from Idram&IDBank“We want to buy your item, please provide your card details.” IDBank warns about fraud on classified platforms Ucom Fellowship 2025 Concludes as Top Eco-Startups Secure FundingIDBank Goes International: Mher Abrahamyan's Interview with the Los Angeles TimesAraratBank Earns RIA Money Transfer’s Partner of the Year in Armenia for the Seventh Consecutive YearUcom Supports the “DemArDem 2026” Regional Youth Forum ZCMC еstablishes Sustainability, ESG and Risk Committee Parallels Between the “Real Armenia Ideology” and Soviet and Turkish Approaches to the Diaspora
All Timeline »
Society

EBRD lends US$ 40 million to Acba bank for youth-led firms in Armenia

  • EBRD unlocks US$ 40 (€38.2) million on-lent to youth-led businesses 
  • First dedicated youth financing in Armenia and across the Caucasus
  • Donor support from the European Union

 

The European Bank for Reconstruction and Development (EBRD) is scaling up its support for young entrepreneurs in Armenia with a new loan to Acba bank, one of the country’s leading financial institutions. The facility, totalling US$ 40 (€38.2) million and supported by the European Union (EU), represents the first dedicated youth-in-business financing facility in Armenia and across the Caucasus. It will boost access to finance for youth-led micro, small and medium-sized enterprises (MSMEs), helping young people grow their businesses.

The EU is supporting the loan for youth-led firms through its European Fund for Sustainable Development Plus (EFSD+) programme in the form of first-loss risk cover. 

Through this partnership, Acba bank will expand its outreach to first-time borrowers and young entrepreneurs across Armenia, including in regions outside Yerevan, the capital city. This financing aims to stimulate job creation, encourage innovation and strengthen Armenia’s entrepreneurial ecosystem by supporting young people who often face constraints in accessing finance. 

Sub-borrowers will access loans in Armenian dram, helping them avoid currency risks and plan investments with greater certainty. Furthermore, the young entrepreneurs will benefit from advisory services designed to increase competitiveness, support digitalisation and improve long-term business resilience. 

The EFSD+ financial inclusion programme is designed to empower micro, small and medium-sized enterprises, fostering their competitiveness and growth. By offering strong financial tools and expertise, the programme aims to encourage intermediaries to direct new lending towards those businesses that need it most. 

Since the start of its operations in Armenia in 1992, the EBRD has invested close to €2.6 billion in the country across 232 projects.