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Armeconombank and funds managed and advised by INCOFIN Investment Management have signed a $15 million Loan Agreement to finance microfinance projects in the country.

Օn October 11, 2022 a Loan Agreement in the amount of USD 15 mln was signed between Armeconombank and funds managed and advised by INCOFIN Investment Management, the funds of which will be directed to Armenia to micro-enterprise business lending.

The loan funds provided under these agreements are already the fifth investment in Armenia by the Belgian company through the mediation of Armeconombank.

It should be noted that within last 3 years Armeconombank has signed loan agreements in the amount of about 180 million US dollars with similar development finance international institutions.