Evocabank joins IFC trade finance program with $2 million facility - Trade Treasury Payments

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Evocabank joins IFC trade finance program with $2 million facility

Evocabank has joined the International Finance Corporation’s (IFC) Global Trade Finance Program (GTFP), securing a $2 million trade finance facility. The arrangement is intended to support Armenian enterprises engaged in cross-border trade.

The facility will allow Evocabank to provide short-term trade finance to importers and exporters, with a focus on improving access to international markets. The GTFP, managed by IFC, a member of the World Bank Group, offers risk mitigation and liquidity solutions to partner financial institutions operating in emerging economies.

This facility builds on Evocabank’s multi-year relationship with IFC. In 2021, IFC extended a $15 million loan to the bank to support micro, small, and medium-sized enterprises (MSMEs) during the post-pandemic recovery. A second $15 million facility followed in 2022. Between 2024 and 2025, Evocabank received a syndicated loan of $20 million aimed at further expanding its lending activities and supporting domestic business growth.

Evocabank has also participated in IFC’s DigiLab initiative, designed to accelerate digital transformation in financial institutions and improve operational efficiency.

The newly established trade finance line is expected to facilitate additional liquidity in Armenia’s trade ecosystem. The GTFP facility will target trade expansion and enhanced market access for Armenian businesses.