Project detail - ARARATBANK OJSC

ARARATBANK OJSC

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Who is our client

Araratbank is a mid-size privately owned commercial bank operating in Armenia. The bank operates via a country wide branch network and focuses on small and medium-sized companies as its main clientele.

Funding objective

The project will improve access to finance for Armenian SMEs that remain underserved and will contribute to development of the real sector in the country, which continues to be one of the poorest in the region.

Why we fund this project

The project adds to the overall lending capability of the banking sector in Armenia. The clear SME focus of the bank together with strict on-lending criteria will ensure that FMO's funds will be channeled exclusively to SMEs.

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Date Total FMO financing
5/17/2021 USD 25.00 MLN
10/22/2019 USD 10.00 MLN
4/12/2018 USD 20.00 MLN
2/26/2016 USD 7.50 MLN
Website client
http://www.araratbank.am
Region
Europe & Central Asia
Country
Armenia
Sector
Financial Institutions
Signing date
9/26/2014
Total FMO financing
USD 10.00 MLN
Fund
FMO
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
C