ARMSWISSBANK's Deputy CEO and Director of the Business Development Department, Ara Makaryan, recently participated in the "Pathways to Paris 2024" event organized by the European Bank for Reconstruction and Development (EBRD). The event, held from October 3-4 in Antalya, Turkey, focused on accelerating climate action and sustainable financing initiatives in the lead-up to the Paris Agreement milestones.

During the event, Mr. Makaryan took part in a panel discussion where he shared ARMSWISSBANK's experience in utilizing Green Trade Finance products. The bank has been actively pursuing green and sustainable financing solutions as part of its core strategy to support environmentally responsible business practices. In his presentation, Mr. Makaryan highlighted the importance of leveraging financial instruments to promote sustainable development and emphasized ARMSWISSBANK's commitment to supporting the transition to a low-carbon economy.

"Green trade finance is not just a product for us; it is an integral part of our strategy to foster sustainable development in Armenia and beyond," stated Mr. Makaryan. "Our partnership with EBRD plays a crucial role in advancing our green financing initiatives, and we look forward to further collaboration to achieve the ambitious climate goals set forth in the Paris Agreement."

The EBRD is a strategic partner of ARMSWISSBANK, and the collaboration has enabled the bank to expand its portfolio of green financial products, enhancing its support for businesses undertaking environmentally friendly projects. ARMSWISSBANK’s focus on green and sustainable financing aligns with global efforts to mitigate climate change and fosters a resilient financial ecosystem.

The "Pathways to Paris 2024" event brought together leading financial institutions, policymakers, and sustainability experts to discuss pathways to achieving the climate targets of the Paris Agreement. It provided a platform for sharing knowledge and best practices on green finance, emphasizing the role of the financial sector in driving sustainable development.