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.
More investments
| 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
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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