BSTDB and IDBank sign €10 million financing package to support Armenian SMEs and trade

The Black Sea Trade and Development Bank (BSTDB) and IDBank have agreed on a €10 million financing package to support small and medium-sized enterprises (SMEs) and trade-related activities in Armenia.
The package includes a €9 million loan for SME financing and a €1 million short-term revolving trade finance facility.
The financing aims to expand lending to Armenian SMEs and support eligible import and export transactions, contributing to private sector development and economic growth.
SMEs are vital to Armenia’s economy, with improved access to finance seen as critical for business development and job creation.
The SME facility will provide medium-term financing for investment, modernisation, and working capital needs across productive sectors.
The trade finance facility will enhance companies’ ability to maintain commercial flows and access regional and international markets.