Evocabank Raises $7.5 Million From Symbiotics

Source: Banks.am

Evocabank has raised $7.5 million from Symbiotics, the Swiss-based market access platform for impact investing. The money has been provided by Micro, Small & Medium Enterprises Bonds S.A. – Symbiotics sponsored bond issuance platform based in Luxembourg.

Attracted financial means will be directed towards the development of micro, small and medium-sized businesses in Armenia. This will contribute to the creation of new jobs in the country, the improvement of the economic environment and competition, as well as to the growth of economic activity.