"ArmSwissBank" CJSC has signed a €20 million guarantee agreement with the European Investment Fund (EIF), marking the first such agreement in Armenia.

The new financial instruments aim to boost Armenia’s economic development by supporting small and medium-sized enterprises (SMEs) and women’s entrepreneurship.

This partnership is the EIF’s first programmatic partnership in Armenia and is of significant importance. The guarantees provided under the agreement enable SMEs to obtain more accessible and flexible financing, with soft collateral requirements and longer loan terms.

The European Investment Bank (EIB) and the European Union (EU) support the guarantee instrument. The maximum guarantee available to a single client can reach up to €5 million, allowing SMEs and medium and large companies to benefit from the program.

ArmSwissBank plans to allocate 20% of the program to promote women's entrepreneurship by organizing information and educational events, as well as special financial programs aimed at the development of women-led companies.

Through this collaboration, businesses will gain access to more competitive financial instruments, including loans, leasing, factoring, and bank guarantees, making financing more accessible and efficient.

ArmSwissBank remains committed to introducing international best practices into the Armenian financial system, offering its clients sustainable and innovative solutions.

About the European Investment Fund

The European Investment Fund (EIF) is a financial institution established by the European Union to support the financing of small and medium-sized enterprises (SMEs) and the development of start-ups. It is part of the EU financial structures, providing innovative and risk-based financing that boosts Europe's economic growth.

The EIF brings together the private and public sectors to help improve the business environment in Europe and create investment opportunities across the economy.