Armeconombank and the Black Sea Trade and Development Bank (BSTDB) signed a new USD 20 million facility agreement, deepening their long-standing cooperation. The bank reported that the facility will help small and medium-sized entrepreneurs across Armenia access vital financing, strengthen liquidity, and scale their operations. “This facility is more than a financial instrument – it represents a strategic investment in Armenia’s economic future. By enabling AEB to scale up lending to small and medium-sized enterprises, we’re helping local businesses grow on solid footing, fostering innovation, supporting job creation, and strengthening long‑term economic resilience,” said Dr. Serhat Köksal, President of the Black Sea Trade and Development Bank, adding that the initiative “fully aligns with BSTDB’s strategy for Armenia and underscores a shared commitment to building a more dynamic and inclusive economy – one where entrepreneurs have the tools and confidence to thrive.”“We would like to express our deep gratitude for the strategic cooperation between Armeconombank and BSTDB. This fifth SME Facility will allow our bank to on-lend the long-term financing with competitive conditions to local SME clients at this quite challenging time. We gratefully recall the business forum - “Armenia: Accelerating Regional Success” organized by BSTDB in Yerevan last year and the previous Loan Agreement solemnly signed within its framework. Throughout the years AEB has deepened its cooperation with international organizations, the evidence of which is the comprehensive partnership record with first class IFIs witnessed by the successful projects and the level of trust towards the bank,” said Artak Arakelyan, CEO of Armeconombank.Armeconombank’s cooperation with BSTDB began in 2007 and has since delivered five SME loan facilities totaling USD 60 million, supporting Armenian enterprises through multiple financing initiatives. Armeconombank is supervised by the Central Bank of Armenia. Tweet Views 3047