Swiss Investment Fund
for Emerging Markets

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ACBA Bank

ACBA Bank is the fourth largest commercial bank in Armenia. Through its deep rural roots and its long history of providing financial services to farmers and agri-business, it reaches financially excluded population.

ACBA Bank

ACBA Bank is the fourth largest commercial bank in Armenia. Through its deep rural roots and its long history of providing financial services to farmers and agri-business, it reaches financially excluded population.

Investment strategy

Development Rationale

Almost 70% of Armenia’s employment is related to SMEs. Filling their financing gap especially in rural, financially underserved regions helps SMEs to grow and create more jobs.

Investment Rationale

ACBA provides financial services to farmers and agribusinesses. It operates in a priority country and reaches underserved communities. The investment is complementary to the Swiss Cooperation program in the country.

Contribution to strategic objectives

  • Job creation
  • Contribution to essential goods/innovation: Financial services
  • Priority countries: Armenia

Additionality

  • Sustainability Additionality: mostly aligned with international standards.
  • Financial Additionality: subordinate debt strengthens the bank's capital structure. Earmarked for agribusinesses, an underserved sector.
Reference code
2023-08
Status
Committed
Date of commmitment
December 2023
Date of exit
-
SIFEM commitment
EUR
8,000,000
Asset class
Private Debt
Investment strategy
Direct Investment