YEREVAN, November 7. /ARКА/. At the exhibition titled “Banks on One Platform,” organized by the Union of Banks of Armenia Banks in Syunik, Aсba Bank showcased its programs and financing options available for local small and medium-sized enterprises (SMEs) – including manufacturers, farmers, and individuals, as reported by the bank’s press service.
Aсba Bank has played a pivotal role in the growth of Armenia’s economy for nearly three decades, boasting an extensive branch network throughout the country, including four cities in Syunik, and actively participating in the execution of priority and long-term national projects.
“This exhibition serves as an excellent platform not only for the bank but also for SMEs in the Syunik region, as it offers an additional opportunity to explore business development prospects. Furthermore, it facilitates the establishment of connections between the bank, local SMEs, and government officials, as initiatives in the region are being carried out with governmental support,” stated Aсba Bank CEO Hakob Andreasyan.
“All our significant initiatives in Syunik are connected to value chains and advanced technologies. This indicates that we not only provide financing to businesses but also contribute to the overall value chain by offering expertise, funding, and distribution channels. We have a commendable track record where the establishment of one value chain leads to the creation of another, and subsequently a third, and so forth. There is a strong desire among people to replicate this successful model, and we are dedicated to assisting them,” remarked Arsen Melkonyan, Director of Retail Business at Aсba Bank.
Aсba not only provides financial support to SMEs but also fosters an environment conducive to their growth, utilizing the knowledge and best practices developed within the bank.
“Since 2013, Aсba Bank has been conducting free business courses for entrepreneurs as part of its corporate social responsibility initiatives. These courses are available to both Aсba Bank clients and non-clients,” highlighted Norik Nazaryan, Director of SME and Corporate Business at Aсba Bank.
The bank operates under the supervision of the Central Bank of Armenia.-0-
