Armeconombank, strengthening the long-term cooperation with the Dutch Development Bank (FMO), signed the 4th loan agreement worth 30 million US dollars, bringing the total value of the contracts signed with the above-mentioned partner-institution to about 70 million US dollars.

The bank says that this financing package will be directed to micro, small and medium enterprises, women and young entrepreneurs, as well as to the agricultural sector, contributing to the sustainable development of the country’s economy.

It is noted that Armeconombank has been cooperating with the Dutch Development Bank since 2010, which, as a leading investor, supports the sustainable private sector in developing countries and emerging markets by investing in ambitious projects and enterprises.

Since the beginning of this year, the bank has signed loan agreements with international financial companies equivalent to 66 million US dollars.