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Acba bank continues to develop "green" financing instruments in Armenia
2023-10-31

Acba bank is always focused on promoting sustainable development in Armenia. The primary objective of sustainable development is to enhance the overall quality of human life.

Since its foundation, Acba has always strived for the sustainable development of society, as a result of which the bank contributes to the development and preservation of social and physical environments in Armenia.

As a result, Acba bank continuously develops the provided financial, especially "green" financing services with innovative solutions, in favor of the development of Armenia and the Armenian economy.

Acba bank is currently undergoing a transformation process, and one of its goals is to introduce new "green" financing instruments and initiate the issuance of "green" bonds by the first quarter of 2024.

Acba also provides the opportunity to use many “green” financing tools, such as trade finance products, “green” business loans, loans for solar plants and water heaters, energy efficiency programs of the community, as well as the products of the Green leasing sub-brand of Acba Leasing, a member of the Acba financial group, from Acba Bank branches.

"Acba Bank attaches importance to the protection and development of the environment. Back in 2011, together with the International Finance Corporation (IFC), we developed and implemented a "Social and Environmental Risks" management system in lending processes. The latter is self-employed, and based on baseline data, it classifies loans according to Social and Environmental risk class. In case of violation of the latter by the borrowers, the bank "recalls" the loan. This is a clear indicator that Acba highly values social and environmental protection in Armenia. This is also a motivation for us to develop "green" financing tools continuously," said Arsen Melkonyan, Deputy Chief Executive Director for Coordination of Business Operations at Acba bank.

Acba Bank is currently the only financial institution in Armenia that finances energy-saving measures of communities.
The bank is consistent and emphasizes sustainable development in both internal and external functions, a vivid example of which is the new headquarters of Acba Bank under construction on Tsovakal Isakov Avenue, which is being built according to the LEED Gold standard and will be ready in 2025.

In case of any discrepancies in the information contained in the Site, as well as inaccurate texts in a foreign language, please be guided by the Armenian version. 22.11.2023 14:52