IFC, a member of the World Bank Group, and the Black Sea Trade and Development Bank (BSTDB) are helping Unibank expand access to finance for small and medium enterprises (SMEs) in Armenia, to help them grow and create jobs.
IFC and BSTDB will each provide a loan of $5 million to help Unibank address the long-term financing needs of its SME clients, which often struggle to secure the funding they need to develop. IFC, through its Bank Advisory Program in Europe and Central Asia, will also support Unibank with advisory services aimed at improving risk management and SME credit processes.
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