The bank signed the agreement in October 2026 with a fund managed by Switzerland’s BlueOrchard Finance Ltd. The proceeds are intended for lending to micro, small and medium-sized enterprises in Armenia.
Armeconombank signed a $10 million loan agreement with a microfinance investment fund managed by BlueOrchard Finance Ltd, a Swiss impact investment manager, Banks.am said. The agreement is intended to provide money for the Armenian bank to lend onward to smaller businesses; it does not establish that those businesses have already received loans.
The agreement continues a partnership between Armeconombank and BlueOrchard that has lasted more than 10 years and focused on the growth of Armenian micro, small and medium-sized enterprises.
Banks.am said the bank also signed other loan agreements and transactions with international financial and development organizations in 2026. Their purposes included lending to smaller businesses, green and renewable energy, projects led by women and young people, and trade finance.
Growth accelerated from 5.29% in the second quarter and exceeded the 5.18% forecast in a Reuters poll, with manufacturing supporting the expansion, according to Indonesia’s statistics bureau.
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After the November 4 signing, a Syrian official confirmed that soldiers had been sent to Saudi Arabia for training, exchanges of expertise and military consultations.
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The Nigerian businessman launched the tank farm in Walvis Bay with the aim of protecting Southern Africa’s future fuel supply.
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