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Evocabank secures $10 million subordinated financing from Finance in Motion funds. The financing from EFSE and GGF will strengthen Evocabank's Tier 2 capital and support lending to Armenian MSMEs. Prefer on Google Discover more Learn Engineering Learn AI Tools Open Biz Account Armenian commercial bank Evocabank has secured $10 million in subordinated debt financing from funds managed by Finance in Motion, comprising $5 million from the European Fund for Southeast Europe (EFSE) and $5 million from the Green for Growth Fund (GGF). The financing will strengthen Evocabank's Tier 2 capital base and support its capital adequacy while providing additional capacity to expand lending to micro, small and medium-sized enterprises (MSMEs) in Armenia. Financing From EFSE and GGF. Both EFSE and GGF are managed by Finance in Motion, an asset manager focused on sustainable development investments in emerging and developing markets. EFSE provides financing to micro, small and medium-sized enterprises and other underserved segments across its markets. GGF focuses on supporting investments related to energy efficiency, renewable energy and the broader transition toward more sustainable economic activity. Evocabank said the new subordinated financing will provide additional capital capacity as it expands its lending activities. Karen Yeghiazaryan, chairman of the management board of Evocabank, said the financing would support the bank's capital position and lending to smaller businesses. "Strengthening our capital base through this subordinated financing will further support Evocabank's growth and resilience, while enabling us to expand access to financing for MSMEs. We remain committed to supporting the development of Armenia's business sector by providing tailored and sustainable financing solutions." Support for Armenian MSMEs. EFSE said its investment will support Evocabank's ability to provide longer-term financing to MSMEs across Armenia. Jasminka Begert, portfolio manager at EFSE, also said the financing is expected to increase opportunities for women-led businesses. Discover more Boost SEO Traffic Invest in Stocks "Through this facility, EFSE is reinforcing its partnership with Evocabank and supporting its ability to provide longer-term financing to MSMEs across Armenia. We are particularly pleased that the investment will also help increase financing opportunities for women-led businesses, contributing to more inclusive economic growth." The financing is intended to give Evocabank additional capacity to serve businesses seeking capital for continued operations, expansion and investment. GGF supports green lending. The GGF investment is also linked to Evocabank's green lending activities. Simon Gupta, chairperson of the board of GGF, said strengthening financial institutions that can expand sustainable lending is part of the fund's mandate. "Supporting financial institutions with the capacity and ambition to scale green lending is central to GGF's mission. By further strengthening our partnership with Evocabank, we are helping expand access to sustainable finance and supporting investments that improve energy efficiency, competitiveness, and economic resilience in Armenia." Borislav Kostadinov, fund director for GGF at Finance in Motion, said Evocabank has been developing its green lending portfolio and that the additional financing could help address demand for financing related to energy-efficient technologies, electric mobility and renewable energy. Learn Engineering "Evocabank has demonstrated strong commitment to developing its green lending portfolio. This additional investment will help the bank meet growing demand for financing energy-efficient technologies, electric mobility, and renewable energy solutions." Expanding access to finance. Evocabank provides banking products and financial services to individuals, entrepreneurs and businesses in Armenia, with a focus on MSMEs. The bank works with international financial institutions and development finance funds to expand its lending capacity and provide financing to businesses. The latest $10 million subordinated financing adds to its Tier 2 capital and is expected to support further lending to Armenian MSMEs while also expanding the bank's capacity for green finance.

ueno bank reports strongest first half on record, driven by customer growth, corporate lending and strong international backing. Jul 31, 2026, 13:10 ET ASUNCIÓN, Paraguay, July 31, 2026 /PRNewswire/ - ueno bank closed the first half of 2026 with the strongest results in its history, supported by customer growth, corporate lending expansion and increased backing from international investors and development finance institutions. ueno bank holds a full universal banking license in Paraguay and is the largest bank by number of customers, banking transactions, debit cards and credit cards. Since launching to the market in 2021, the bank has become an important contributor to the modernization, expansion and development of Paraguay's financial system and has reinforced the role of the financial system in Paraguay's economic and financial development. During the first half, ueno bank's customer base reached 2.94 million, consolidating its position as the largest bank by customers in Paraguay and reaching around 63% of the adult population. Since its launch, the bank has brought more than 1.2 million people into the formal financial system for the first time through ueno bank, expanding access to financial products and services across the country. Also, during 2026 the bank completed a USD 350 million international bond issuance, the largest ever undertaken by a Paraguayan bank in international capital markets. It also secured USD 171 million in new credit facilities from development finance institutions. In addition, the bank increased its capital base by USD 88 million, with USD 46 million in capitalized earnings, USD 25 million in tier 2 bonds and USD 17 million in fresh capital injection from its strategic shareholder OTP Bank Plc. These transactions included the Development Bank of Austria's (OeEB) first investment in Paraguay: a USD 20 million credit facility aimed at expanding financing for micro, small and medium-sized enterprises, promoting women-led entrepreneurship and supporting sustainable finance. Finance in Motion, through the eco.business Fund, also increased its investment in ueno bank to USD 20 million to support projects related to the green economy and sustainable development. OTP Bank, one of Europe's leading banking groups, increased its strategic investment in U Holdings, ueno bank's parent company, to USD 47 million, further strengthening its position as one of U Holdings' principal shareholders. Collectively, these transactions strengthened the institution's capital base and financial position, expanded its access to long-term funding and supported its continued growth. ueno bank remains committed to advancing financial inclusion, supporting individuals and businesses, and contributing to Paraguay's sustainable economic development.