In September 2013, OeEB provided USD 10 million for supporting small and medium enterprises (SME) in Armenia.

Project name Inecobank Armenia
Region Central Asia
Sector Financial sector / Microfinance / SME
Service Investment Finance
Project country Armenia
OeEB project volume USD 10 million
Projekt partner(s) Inecobank

The credit line improves SME's access to long-term financing which helps secure existing jobs and create new jobs. This makes a substantial contribution to the economic development in Armenia.

SME financing is one of the main business areas of Inecobank.