Ararat Bank
Period : 2007 to 2016
In June 2007, the Izmirlian Foundation signed a co-financing agreement with Araratbank. The initiation of the project was stipulated by the dearth of long-term, below market rate and development oriented funds for the real sector of the economy. The program targeted supporting Armenian companies with strong potential for export and employment generation. The funds were mostly allocated to small and medium-sized enterprises.