Armeconombank has received the second tranche of USD 7.5M under the Loan Agreement of USD 15.0M signed in 2020 with the Asian Development bank (ADB), which will be directed to financing Micro, Small and Medium Enterprises.

The partnership between the two banks was launched in 2011 as part of the ADB Trade Facilitation Programs and it continues to date, evidenced by several awards of the "Leading Partner Bank in Armenia" granted by the ADB to Armeconombank.

“Armeconombank continues implementing the necessary measures outlined as per its strategy by supporting micro, small and medium enterprises and participating in the development of the country’s economy,” the bank said in the press statement.