Ardshinbank signs $20m facility with responsability/Investments AG

The following is an official press release by Ardshinbank:

Ardshinbank has signed $20 million loan facility from Luxembourg-based funds managed by responsAbility Investments AG. The funds will be used to increase the loan portfolio of the bank and, in particular, to support small and medium-sized enterprises.

According to Artak Ananyan, Chairman of the Board of Ardshinbank, this is the first transaction between Ardshinbank and responsAbility Investments AG. He highlighted, "The new funds will expand our opportunities to finance various sectors of the Armenian economy, particularly SMEs. We hope for effective and long-term cooperation between our institutions. The transaction will allow us to increase our support for business oportunities in the Armenian economy.”

responsAbility Investments AG  manages over $3 bn of assets invested in 300 ESG-managed high-impact companies across 76 emerging economies. The company's head office is located in Zurich (Switzerland).

Ardshinbank CJSC is one of the leaders of the Armenian banking system. The Bank has been repeatedly recognized as the best by leading international publications. In 2020, Global Finance magazine named Ardshinbank the “Best Bank of the Year”, as well as the “Safest Bank of the Year” in Armenia. Ardshinbank was also recognized by British Euromoney Institutional Investors’ “Euromoney” magazine as the “Best Bank of Armenia 2020.” ''Тhe Banker'' of Financial Times recognized the issue of Ardshinbank's Eurobonds as the "Deal of the Year" in Europe in 2020.