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        ARMENIA MSME RESILIENCE FACILITY - ARMECONOMBANK

        Summary sheet

        Release date
        16 June 2026
        Reference
        20260071
        Project name
        Promoter - financial intermediary
        ARMENIA MSME RESILIENCE FACILITY - ARMECONOMBANK
        ARMENIAN ECONOMY DEVELOPMENT BANK OJSC
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 22 million
        not applicable
        Location
        Sector(s)
        Description
        Objectives

        The operation will finance eligible small and medium investments undertaken by micro, small and medium-sized enterprises (MSMEs) and Mid-caps in Armenia.

        The aim is to enhance access to finance to MSMEs and contribute to economic resilience and employment-generating activities in the country.

        Environmental aspects
        Procurement

        Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

        Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

        Related projects
        Parent project
        ARMENIA MSME RESILIENCE FACILITY (LE) II

        Disclaimer

        Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
        They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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