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 FINTECH360 conference will be held in Yerevan from April 27 to 29 AraratBank Partners as General Sponsor of 4090 Charity Foundation's Five-Year Milestone EventAraratBank Takes the Lead in Brand PR Performance Unforgettable Moments and a Profitable Offer at Myler. Idram&IDBank Idram Summarizes 2025The Power of One Dram Donates 5,788,105 AMD to the City of Smile Charity Foundation Converse Bank Successfully Completes Globbing Bond Placement Why the Pressure on Vahe Hakobyan Continues Ucom Introduces Hecttor AI to Improve Call Center Communications The Armenian Apostolic Church: Refutation of a False Premise Vahe Hakobyan Is Being Politically PersecutedIdram employees are the Secret Santa Claus for the students of the Orran Day Care CenterAraratBank Donates AMD 8 million to the Reconstruction of the Spandaryan CanalUnibank Launches Gift Cards New Education Platforms through Cooperation between AraratBank and Aren Mehrabyan FoundationTech Innovator and Winemaker Adam Kablanian Joins the Board of Trustees of the “Music for Future” FoundationUcom Reopens Sales and Service Center on Tigran Mets Avenue AraratBank Receives Visa Trusted Partnership Award 2025 Secret Santa at idplus: Anonymous Gift CardsWe condemn the unlawful actions by Armenia’s Gov. against the Armenian Apostolic Church. Jan Figel
All Timeline »
Society

ARARATBANK attracts USD 5 million from EFSE to support MSMEs in Armenia

A long-term loan facility to prioritize women in business

The European Fund for Southeast Europe (EFSE) reaffirms its commitment to fostering economic development in Armenia by providing a USD 5 million senior loan facility to its long-standing partner ARARATBANK. With this new facility, the partners aim to facilitate access to finance for micro-, small-, and medium-sized enterprises (MSMEs) and importantly those that are majority-owned or led by women and contribute to increased business competitiveness and inclusiveness in Armenia. ARARATBANK is a leading SME financier in the country with a proven strong track record in gender finance. EFSE’s investment will further solidify the Bank’s dedication to supporting women-owned or -led enterprises and promoting socio-economic empowerment and inclusiveness. 

EFSE Regional Director Oxana Binzaru said: “We are honored to continue our journey with ARARATBANK, a trusted partner that shares our mission to foster economic development. This USD 5 million investment is a testimony to our joint commitment to supporting MSMEs, particularly women-owned or led enterprises, and making a meaningful impact on Armenia’s economic landscape.”

Mher Ananyan, Chairman of the Executive Board of ARARATBANK, concluded: “This strategic partnership reflects our commitment to fostering local economic progress and empowering MSMEs, which play a vital role in driving innovation, job creation, and overall economic stability. With the European Fund for Southeast Europe's expertise in financing and our bank's extensive network and resources, we are confident that this collaboration will have a significant impact on the business environment in Armenia."