EBRD, EU and ArmSwissBank support refugees and youth in Armenia
Armenia, June 8 -- The European Bank for Reconstruction and Development (EBRD), in partnership with the European Union (EU), is providing a US$ 20 million (€17.1 million) loan package to ArmSwissBank to expand access to finance for micro, small and medium-sized enterprises (MSMEs) owned or led by Armenian refugees and young people.The package, which comprises two loans of US$ 10 million (€8.59 million), was signed by Francis Malige, the EBRD's Managing Director for Financial Institutions, and Gevorg Machanyan, Chairman of the Management Board and Executive Director of ArmSwissBank, on the sidelines of the EBRD's 2026 Annual Meeting and Business Forum in Riga.One of the US$ 10 million loans is being made through the EU4Business-E...
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