Armenia, May 7 -- The European Bank for Reconstruction and Development (EBRD) has signed a €50 million unfunded portfolio risk-sharing agreement with Acba bank to facilitate Armenian firms' access to finance. Under the arrangement, the EBRD will cover up to 50 percent of Acba bank's credit risk on newly issued sub-loans.Those loans will support the working capital needs of domestic businesses, helping them to expand and improve their operations. Eligible sub-borrowers will also receive European Union (EU)-funded technical assistance under the EBRD's Advice for Small Businesses programme.The agreement was signed in London by Francis Malige, the EBRD's Managing Director for Financial Institutions, and Hakob Andreasyan, Acba bank's Chief...