All News and Announcements
Thailand's FINNIX App Leverages AI for Financial Inclusion
The FINNIX mobile app, which is regulated by the Bank of Thailand, was developed by MONIX and offers microfinance loans through a completely digital process from loan application to approval and disbursement.
AFC Increases the Share of Energy Efficient Mortgage Loans in Armenia
More than 40 percent of the loan amount was allocated to energy efficient housing projects, i.e. purchase of new energy efficient apartments, as well as individual house constructions and renovations.
Evocabank Raises $7.5 Million From Symbiotics
Attracted financial means will be directed towards the development of micro, small and medium-sized businesses in Armenia.
AFC Experts Develop a Climate Impact Tool - A Decisive Step Towards Reducing CO2 Emissions in Armenia
The project allows for financing of various loan purposes, for example purchase of housing from primary and secondary markets, renovation, and single-family house construction.
Symbiotics Opens New Offices in Armenia and India
This new office in Yerevan, Armenia aims to strengthen Symbiotics' long-standing presence in the region and further support its growth.
Symbiotics Launches $6.75 M Sustainability Bond in Armenia With ACBA Bank OJSC
ACBA has committed to use the proceeds of the Sustainability Bond for both social and green projects, in line with the ICMA Sustainability Bond Principles.
Ngern Tid Lor PCL is IFC’s First Investment in a Non-Banking Financial Institution in Thailand to Support MSMEs
The investment aims to support a resilient recovery by promoting business growth, creating jobs, and fostering financial inclusion.
Thailand's Fintech Comes of Age
Ongoing shifts toward e-commerce, digital payments (including contactless), and instant payments have all been significantly boosted during the pandemic with real-time payments surging by 104 percent.
Thai Household Debt Skyrockets from Credit Cards, Loans and Car Loans
The Bank of Thailand has been asked to review the ceiling of interest rates and supervise credit cards, personal loans and car loans, as the Thai government has vowed to tackle high household debt, incurred by credit card and personal loans.
Symbiotics Arranges a Sustainability Bond in Armenia With AraratBank for $14.5 Million
Microenterprises and SMEs will benefit from the Social loans to encourage employment creation and business activity in the country.