Evocabank to join the IFC Trade Finance Program
Under IFC's Global Trade Finance Program (GTFP), Evocabank has obtained a USD 2 million trade finance line.
17.06.2025
As part of the International Finance Corporation's (IFC) Global Trade Finance Program (GTFP), the Bank will provide support to Armenia-based enterprises in terms of expanding their business, enhancing opportunities for external trade, and competition in international markets.
Owing to collaboration with IFC, Evocabank continues to create favorable conditions in the market, contributing to the stable development of Armenia's economy and boosting private sector business activity.
As a member of the World Bank Group, IFC has been collaborating with Evocabank since 2021, when the Bank obtained a USD 15 million loan, which was targeted at the provision of assistance to micro-, small and medium-sized enterprises, thus contributing to their stability, recovery, and further development after COVID-19.
In 2022, IFC continued collaboration with Evocabank by extending another USD 15 million of loan facility. Thereafter, during 2024-2025, the Bank received a syndicated loan of USD 20 million to assist local businesses, expand its own lending activities, and foster the country's economic development.
Apart from the above-mentioned finance programs, Evocabank, as a digital innovative Bank, participated in IFC's DigiLab program in order to accelerate the Bank's digitalization process and enhance the Bank's efficiency and accessibility.
