Evocabank raised USD 4 million from responsAbility
The loan funds received from leading Swiss impact asset manager will be directed to the financing of micro, small, and medium enterprises.
13.06.2024
Evocabank raised USD 4 million from responsAbility. The loan funds will be directed to the financing of micro, small and medium enterprises (MSMEs) in Armenia.
By the way, as of April 30, 2024, the MSME loan portfolio of Evocabank is more than 68 billion drams.
Cooperating with a number of international organizations, Evocabank creates favorable development conditions for MSMEs, as micro, small and medium enterprises are the basis of the economy, especially in developing countries.
About Evocabank
By being a mobile-first bank, Evocabank provides fast, simple and innovative services and is distinguished by the active use of the latest information technologies. The Bank has been named “The Best Consumer Digital Bank in Armenia” for the 7th year in a row by Global Finance prestigious financial magazine. The Bank continuously invests and implements innovations, offering clients the best solutions of the latest technologies. Evocabank is the first commercial bank registered in RA in 1990 and currently has a head office and 13 branches.
Website: evoca.am
About responsAbility
responsAbility is a leading impact asset manager specializing in private market investments across three investment themes financial inclusion, climate finance and sustainable food to directly contribute to the United Nations Sustainable Development Goals. With over 270 employees collaborating across eight offices, as of 5 June 2024 the company manages USD 5.0 billion in assets across approximately 280 portfolio companies in 69 countries.
Website: responsability.com
