ArmInfo. Recently, the event titled “Plug Into Growth” was held, organized by Ardshinbank in cooperation with the European Bank for Reconstruction and Development (EBRD) through its Green Economy Financing Facility (GEFF) programme in Armenia, with support from the Green Climate Fund (GCF) and the Climate Investment Funds (CIF).
The event aimed to present new green financing opportunities for businesses and promote the adoption of sustainable and energy-efficient solutions in Armenia․
The event brought together Ardshinbank clients, representatives of the business community, and industry experts. Participants discussed practical opportunities and available financing instruments for the implementation of electric mobility, EV charging stations, solar energy systems, and energy-efficient technologies.
In his speech, Andro Butkhuzi, Deputy Program Manager of GEFF in Armenia, noted that the GEFF program, initiated and implemented by the EBRD, supports local businesses in investing in green technologies through local partner financial institutions.
According to him, the program is particularly attractive for high-demand investments such as solar PV stations, solar water heating systems, electric vehicles, electric vehicle charging infrastructure, and energy storage batteries.
“Ardshinbank recently joined the GEFF program as a local partner financial institution and has actively supported clients interested in investing in various green technologies from the very beginning.
Together with Ardshinbank, we aim to make green investments as affordable as possible, increase the number of green loans, raise customer awareness, and provide technical support alongside financing.
Green investments are not only a step toward environmental protection, but also a smart business decision. The implementation of energy-efficient solutions helps reduce operating costs, decrease dependence on traditional energy sources, and improve business competitiveness,” Andro Butkhuzi noted.
According to Armine Melikyan, Head of the Bank's Corporate Business Analytical Department, customers participating in the program can benefit not only from financing, but also from cashback incentives.
“One of the key advantages of this program is the availability of financial incentives. Depending on the lending purpose, customers may receive a 10–15% incentive, which can later be directed toward other business development and expansion initiatives. We see that this topic is generating significant interest among businesses today,” Armine Melikyan noted.
From now on, Ardshinbank borrowers who meet the GEFF program criteria can familiarize with the program’s terms and conditions online and submit financing applications through the bank’s official website.
