Triodos Fair Share Fund and Triodos Microfinance Fund have provided a EUR 3 million debt facility to AraratBank, one of the leading financial institutions in the Armenian banking sector.

 

This facility will enable AraratBank to further expand its outreach to small and medium-sized enterprises (SMEs).

 

 

Rosanna Sarkeyeva, Regional Manager for Europe, the Caucasus and Central Asia: “AraratBank plays a very important role in addressing the current and future needs of the SME sector in Armenia, a sector which not only sustains and advances businesses but also forms the backbone of the country’s economy. Very important to us is that this loan enables AraratBank to further expand its focus on green lending products and women-led businesses, and to contribute to a robust financial infrastructure to mitigate the impact of COVID-19 and ease the consequences of the war.”