Within the 10th annual TSCFP Awards held in Singapore by the Asian Development Bank, Armeconombank was granted the Gender Champion award.

“For a long time, the bank has kept female involvement at the core of its strategy, both in terms of women’s advancement inside the organization itself and lending to women entrepreneurs.

Since 2018, the bank has attracted resources equivalent to more than USD 65m from international partners for projects supporting women and, parallel to business funding, has been provided with technical assistance aimed at increasing the financial literacy of female entrepreneurs and implementation of successful projects, among others,” the news release reads.

Armeconombank noted that women make about 65% of the bank’s personnel, and about 15% of them hold managerial positions.