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
AraratBank 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 Free Style issues Armenia’s first corporate bonds in the fashion retail sector, placed by Cube InvestUnibank Completed the Placement of Its Third Issuance of Perpetual BondsScholarship for 100 Artsakh Students as Part of IDBank’s “Side by Side” Program The results of the second Junius financial literacy competition have been summarized From idea to implementation: Ameriabank Presents the Programs Implemented under My Ameria, My Armenia CSR Campaign Ucom and SunChild Launch the “Smart Birdwatching” Educational Program AraratBank Supports Digitization of "Karin" Scientific Center ArchiveWelcome to the ID booth: Big Christmas MarketWidest 5G Coverage, the Launch of the Uplay Platform, and the Integration of Cerillion: Ucom Summarizes 2025 Ucom and Armflix Present “13 Seconds” at KinoPark How to Choose a Career Path and What Skills are Considered Crucial: AraratBank on the GoTeach Platform Unibank Issues a New Tranche of Perpetual Bonds with 13.75% Coupon
All Timeline »
Society

Araratbank allocates $10 million in funding to women entrepreneurs

In a significant move to enhance economic resilience and business growth in Armenia, the European Fund for Southeast Europe (EFSE) has extended a USD 10 million loan facility to AraratBank. This investment aims to empower women entrepreneurs by facilitating access to finance.

The new funding will enable AraratBank to issue over 300 sub-loans with longer maturities, targeting micro, small, and medium-sized enterprises (MSMEs) and especially those that are either majority owned or led by women. This initiative is part of a broader effort to bolster business sustainability and job creation in Armenia, with the potential to support nearly 1,500 jobs and stimulate further investment in the MSME sector amidst ongoing geopolitical challenges.

Oxana Binzaru, EFSE Regional Director, commented on the partnership: “We are proud to strengthen our collaboration with AraratBank, a long-standing partner committed to fostering inclusive economic growth. This USD 10 million loan is a testament to our shared dedication to enhancing the financial inclusion and empowerment of women entrepreneurs in Armenia, supporting them in overcoming the various challenges they face in the business world.”

Mher Ananyan, Chairman of the Executive Board of AraratBank noted: "The recent focus of the bank’s policy has been on supporting women entrepreneurs in the best possible way, aiming to bring their business ideas to fruition effectively. The new cooperation with our trusted partner EFSE will further bolster this effort, making the process even more impactful.”