London, May 14, 2025 – The European Bank for Reconstruction and Development (EBRD) has entered into a landmark partnership with Evocabank to expand financial support for Armenian enterprises and advance the country’s transition to a green economy.
Announced during the EBRD’s 2025 Annual Meeting and Business Forum in London, the new partnership marks the EBRD’s first collaboration with Evocabank. A financial package totaling €19.4 million was formalized between Francis Malige, EBRD Managing Director for Financial Institutions, and Karen Yeghiazaryan, CEO and Chairman of the Management Board of Evocabank.
The package includes three distinct financing components:
- €10 million senior loan to improve access to finance for micro, small, and medium-sized enterprises (MSMEs). The funding is aimed at helping local firms grow, strengthen resilience, and expand operations.
- €5 million green financing facility under the Green Economy Financing Facility (GEFF), supported by the Green Climate Fund (GCF) and the Climate Investment Funds (CIF). This funding will enable Armenian businesses to invest in energy-efficient and climate-resilient technologies that enhance productivity and lower environmental impact.
- €4.4 million trade finance line under the EBRD’s Trade Facilitation Programme (TFP). The facility will promote greater participation of Armenian firms in international trade by providing enhanced access to trade finance tools and global markets.
“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,” said Francis Malige. “We are delighted to welcome Evocabank as a new partner bank in Armenia.”
Karen Yeghiazaryan echoed the sentiment, stating: “Evocabank is proud to join the EBRD’s network of partner banks. This collaboration strengthens our capacity to support Armenian entrepreneurs and businesses, particularly in promoting innovation, sustainability, and access to international markets.”
Since launching its operations in Armenia in 1992, the EBRD has invested over €2.5 billion across 224 projects in the country’s financial, corporate, infrastructure, and energy sectors. Notably, 84 per cent of EBRD investment in Armenia has gone to the private sector, underscoring the Bank’s commitment to fostering a vibrant and inclusive economy.
The new agreement reinforces EBRD’s long-standing support for Armenia’s economic development and underscores the shared commitment to innovation, sustainability, and private sector growth.
