Silk Road Group BV
Status: Approved investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
Ardshinbank CJSC is one of Armenia’s leading commercial banks, offering a comprehensive suite of financial services. It has played a pivotal role in shaping the country’s financial sector, becoming the first private Armenian entity to issue Eurobonds and consistently ranking among the top banks in terms of assets and profitability. Through strategic partnerships and a strong international presence, Ardshinbank serves as a vital bridge between Armenian enterprises and global markets.
What is our funding objective?
Ardshinbank CJSC went through a comprehensive corporate governance review conducted by FMO. This resulted in a corporate governance action pan. One of the action items aims to conduct an annual evaluation with the aim of enhancing the board and identifying areas for growth. International good practices on corporate governance indicate that boards should regularly carry out evaluations to appraise their performance and assess whether they (still) possess the right mix of background and competencies that fit the needs of the bank. Undertaking this review will help sustain Ardshinbank’s growth trajectory and align with the evolving expectations of international investors and regulators. Beyond reinforcing its commitment to transparency and accountability, the initiative will further strengthen the bank’s foundation for long-term resilience and stakeholder confidence.
Why do we fund this investment?
FMO supports board evaluations to strengthen corporate governance across its investee companies and debt clients. Effective boards are essential for strategic direction, oversight, succession plans and accountability, key aspects to ensure long-term sustainability. This is in line with the Nasira TAF mandate to help mitigate risks, including those associated with the clients’ governance structure.
- Website customer/investment
- https://n.b
- Region
- Asia
- Country
- Armenia
- Sector
- Financial Institutions
- Publication date
- 11/14/2025
- Effective date
- 7/11/2025
- Total FMO financing
- EUR 0.02 MLN
- Funding
- FMO NV