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.

Attracted financial means will be directed towards the development of micro, small and medium-sized businesses 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.

The two countries are looking towards financial sector digitalization. A conference slated for June in Zurich seeks to do just that. 

This new office in Yerevan, Armenia aims to strengthen Symbiotics' long-standing presence in the region and further support its growth.

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.

Microenterprises and SMEs will benefit from the Social loans to encourage employment creation and business activity in the country.

Even before the COVID-19 crisis, access to finance was the biggest obstacle for doing business in Armenia. Has it increased following the pandemic?

The results of the very comprehensive B Impact Assessment provide an important benchmark for the company and a path to further improve certain areas and take specific actions in the years to come.

Symbiotics, the leading market access platform for impact investing, has arranged its first Sustainability Bond, that is also the first such bond in Armenia, by raising about $10,700,000 in local currency for ARMECONOMBANK OJSC.