Evocabank raised USD 5 million from responsAbility

Evocabank raised USD 5 million from responsAbility. The loan funds will be directed to the financing of micro, small and medium enterprises (MSMEs) in Armenia.

Karen Yeghiazaryan, Chairman of the Management Board of Evocabank, said: “Together with responsAbility we’re taking important steps to empower Armenia’s micro, small, and medium enterprises (MSMEs) to support economic growth and create a more sustainable future. We believe that MSMEs are the driving force behind Armenia’s economic development. As Armenia’s most innovative digital bank, we are proud to provide our clients with the best financial solutions, and continuously enhance them with means to grow and expand.”

By the way, the collaboration between responsAbility and Evocabank began in 2023, as a result of which the Bank has made a significant contribution to the development of MSMEs․

About Evocabank: By being a mobile-first bank, Evocabank provides fast, simple, and innovative services and is distinguished by the active use of the latest information technologies. The Bank has been named “The Best Consumer Digital Bank in Armenia” for the 7th year in a row by Global Finance prestigious financial magazine. The Bank continuously invests and implements innovations, offering clients the best solutions of the latest technologies. Evocabank is the first commercial bank registered in RA in 1990 and currently has a head office and 13 branches. Website: evoca.am 

About responsAbility: responsAbility Investments AG is a leading impact asset manager specializing in private market investments across three investment themes. These themes directly contribute to the United Nations Sustainable Development Goals (SDGs): Financial Inclusion, to finance the growth of Micro & SMEs; Climate Finance, to contribute to a net zero pathway; and Sustainable Food, to sustainably feed an ever-growing population. All responsAbility investment solutions target specific measurable impact alongside market returns. With over 270 employees collaborating across 8 offices, as of 30 September 2024, the company manages USD 5.1 billion in assets across approximately 300 portfolio companies in around 70 countries. Website: responsability.com