Armswissbank has been selected as partner financial institution of European Investment Bank within the scope of the “Private sector financing for Small and Medium-sized Enterprises (SMEs) and MidCaps” program.

The bank has stated that within the framework of this program, financing will be provided to small and medium enterprises (SMEs) and medium capitalization organizations of Armenia operating in the fields of agriculture, rural processing, tourism, export promoting and industry.

It is noteworthy that Armswissbank has been cooperating with the European Investment Bank since 2015, within the framework of which it has offered loans to customers in the fields of agriculture, rural food processing and tourism with competitive market rates.

“Highlighting the role of agriculture, tourism and the export promotion, Armswissbank will continue to expand cooperation with international organizations and private funding order to offer favorable financing conditions to its customers,” the bank said.

The European Investment Bank is the lending arm of the European Union and has more than 60 years’ experience in project financing. The European Investment Bank focuses on financing innovation,climate and environment, small businesses and other projects.

“Armswissbank was founded in 2004. As a dynamically developing financial institution, the bank operates in corporate and investment banking sectors, offering traditional and modern financial solutions to the market. The bank cooperates with a number of international organizations such as EBRD, ADB, KFW, EIB, IIB and others,” the bank said.