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Overview: about the EBRDWho we are
Overview: about the EBRD
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Learn about the EBRD's journey to investing more than €220 billion in over 7,800 projects.
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Overview: how the EBRD operatesWhat we do
Overview: how the EBRD operates
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Light
Eng
Eng
- Evocabank to become an EBRD partner bank in Armenia to support local MSMEs and larger firms
- Support for Armenia’s green transition through cooperation with the Green Climate Fund and the Climate Investment Funds
- Agreements signed during the EBRD’s Annual Meeting and Business Forum in London
The European Bank for Reconstruction and Development (EBRD) and Evocabank have signed agreements aimed at strengthening support for enterprises in Armenia and accelerating the country’s transition to a green economy.
The financial package, which totals €19.4 million, was agreed today by the EBRD’s Managing Director for Financial Institutions, Francis Malige, and Evocabank’s CEO and the Chairman of Management Board, Karen Yeghiazaryan, at the EBRD’s 2025 Annual Meeting and Business Forum in London. The deal marks the first partnership between the EBRD and Evocabank.
The package consists of three facilities:
- a senior loan of up to €10 million to increase access to finance for micro, small and medium-sized enterprises (MSMEs), helping local businesses to grow and strengthen their resilience
- a green financing facility of up to €5 million under the EBRD’s Green Economy Financing Facility (GEFF), supported by the Green Climate Fund (GCF) and the Climate Investment Funds (CIF), which will help businesses to invest in climate mitigation and adaptation technologies that improve productivity and reduce operating costs
- €4.4 million trade finance line under the EBRD’s Trade Facilitation Programme (TFP), which will enhance trade flows and enable local businesses to access new markets through stronger international trade links.
Francis Malige said: “This partnership with Evocabank will play a crucial role in providing finance to underserved segments of the Armenian economy, while also supporting the deployment of green technologies. We are delighted to welcome Evocabank as a new partner bank in Armenia.”
Karen Yeghiazaryan added: “Evocabank is proud to join the EBRD’s network of partner banks. This collaboration strengthens our capacity to support Armenian entrepreneurs and businesses, especially in promoting innovation, sustainability and access to international markets.”
Since the start of its operations in Armenia in 1992, the EBRD has invested more than €2.5 billion in 224 projects in the country’s financial, corporate, infrastructure and energy sectors, with 84 per cent of that investment going to the private sector.