Evocabank Participated in the Panel Discussion at COP17

On October 26, Evocabank CFO Lilit Gaboyan participated in the panel discussion “The How: Financing Nature in Capital Markets,” organized by the World Bank Group as part of COP17 in Armenia. The discussion brought together representatives of international organizations and financial institutions to explore how capital markets can help finance biodiversity conservation and the sustainable use of natural resources.

During the panel, Lilit Gaboyan highlighted the growing role of sustainable finance in Armenia and Evocabank’s efforts to expand its environmental financing activities. She discussed the Bank’s recent cooperation with the International Finance Corporation (IFC) to develop its first nature-related financing transaction, marking an important milestone for Armenia’s financial market.

She also addressed the key differences between "green" and "nature" finance. While green finance supports areas such as renewable energy and energy efficiency, nature finance focuses specifically on protecting ecosystems, conserving biodiversity, and promoting the sustainable use of natural resources.

Armenia’s rich biodiversity and the dependence of sectors such as agriculture and tourism on natural resources create opportunities for businesses to contribute to nature conservation. In this context, Lilit Gaboyan underlined the importance of mobilizing private capital alongside public and international funding, enabling financial institutions to support commercially viable businesses while taking their environmental impact into account.

Evocabank continues to develop its sustainable finance activities, exploring opportunities to direct financing toward projects that create long-term value for businesses, the economy, and the natural environment.