EIB Group and Ameriabank strengthen support for Armenian businesses through EU-backed guarantee
The European Investment Bank (EIB) and the European Investment Fund (EIF) – jointly the EIB Group – are joining to provide a partial portfolio guarantee unlocking up to €106.25 million in new SME financing in Armenia, the bank announced on 8 May.
This new initiative builds on the existing partnership between the EIB and Ameriabank and represents the second direct operation between the institutions. It aims to improve access to finance for Armenian MSMEs, particularly those that face challenges in obtaining affordable funding.
The operation is expected to benefit approximately 900 MSMEs and sustain over 5,000 jobs across Armenia, contributing to the country’s economic development and private-sector growth.
“Small businesses are the backbone of Armenia’s economy, and access to finance can make all the difference for their growth. With this agreement, we are creating real opportunities for entrepreneurs to invest, expand and build more resilient businesses,” said EIB Vice-President Karl Nehammer, who oversees the Bank’s operations in Armenia. “It’s about making sure that good ideas are not held back by lack of funding.”
The guarantee is made possible thanks to financial support under the EU4Business Guarantee Facility. This initiative is part of the European Union’s broader efforts to promote sustainable economic development, enhance competitiveness and foster innovation in Armenia.
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