Evocabank: USD 20 Million from Swiss BlueOrchard Managed Fund

As part of a collaboration with Swiss BlueOrchard Microfinance Fund, managed by Swiss impact investment manager, Evocabank has raised USD 20 million for increasing lending to micro-, small, and medium-sized enterprises (MSMEs) and improving their access to financial services.

It is the first time Evocabank has partnered with BlueOrchard to enhance the Bank's network of international financial partners, deepen external financial diversification, and create more competitive lending opportunities for MSMEs.

Evocabank’s CEO Karen Yeghiazaryan said: “The collaboration with BlueOrchard is an important step towards achieving our strategic goals. It will broaden the Bank's involvement in MSME financing, enabling us to offer more beneficial and flexible financial solutions to our business customers.”

BlueOrchard’s Head of Origination / CEE, Central Asia & Middle East, Kaspars Delins added: “Partnering with Evocabank in Armenia and establishing this facility marks the beginning of a valuable relationship. This collaboration reaffirms BlueOrchard’s commitment to advancing MSME growth and promoting financial inclusion in the country. We are confident that our joint efforts will help strengthen entrepreneurship and foster sustainable development throughout Armenia.”

About BlueOrchard Finance Ltd

BlueOrchard is a leading global impact investment manager and member of the Schroders Group. As a pioneer in microfinance and impact investing, BlueOrchard supported over 300 million people in emerging and frontier markets with its investments as of December 2024. Founded in 2001 by the initiative of the UN, the firm offers impact investment solutions across asset classes.

Webpage: www.blueorchard.com

About Evocabank

Founded in 1990, Evocabank is the first commercial bank registered in Armenia and has 35 years of experience in banking. The Bank is headquartered in Yerevan, while its 15 branches are located both in the capital and provinces. Evocabank delivers advanced financial services to individuals, MSMEs, and large companies. The Bank has received several international awards, including “Best SME Bank in Armenia” and “Best Digital Bank in Armenia” from the renowned Global Finance.