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
Love Is… card from Unibank can win a trip to Paris Learn by Playing. A Series of Financial Literacy Games with Idram, IDBank and “Novosti-Armenia”Ucom and the Microsoft Innovation Center Collaborate on Cybersecurity EducationUnisport – Armenian Futsal Cup holderSummer starts with iced coffee, what if it brings bonuses too? Idram&IDBank AraratBank reduces loan interest rates for around 400 reliable SME customersTeam Holding Announces the Launch of the Third and Final Placement Phase of USD Bonds. Underwriter - Freedom Broker Armenia Unibank Launches Biometric Identification in UNIMobile App Unisport reaches the finals of the Futsal Armenian Cup and Premier League IDBank was the strategic partner of the “Women in Leadership Forum & Awards 2026”Unibank Launches Fee-Free Online Payroll Card IssuanceUcom Supported the First-ever Western Asia Regional FPV Drone Race in Armenia Protect Yourself from Fraud: Safety Tips from AraratBankUnibank Offers 50% Discount on Cards During WeekendsPlanning your trip from a scratch: tips from IDBankIDBank supports the Opening Event of Wizz Air’s “Let’s Get Lost” CampaignUnibank provided cashback to more than 2 000 reliable SME borrowers AraratBank Supports Another Successful Entry into the Capital Market“Cannot deliver your package”. IDBank warns about fake messages from ‘’HayPost’’Ucom and SunChild Continue Joint Initiatives for a Greener Future
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.