Armswissbank attracted lending funds from responsAbility Investments AG
Armswissbank has obtained a loan amounting to USD 3 million and EUR 5 million and with a 5-year maturity from an private debt fund managed by leading impact asset manager responsAbility Investments AG. The funds will be used to increase the Bank’s lending activities.
“We attach great importance to expanding partnerships with international financial institutions through the involvement of new partners. This is the first transaction between Armswissbank and responsAbility Investments AG and we are hopeful that the continued cooperation between our companies will contribute to providing more favorable credit conditions to our clients” said Executive Director of Armswissbank Gevorg Machanyan.
A leading asset manager for impact investments in emerging economies with a 16-year track record, responsAbility manages USD 3 bn of assets through a variety of investment vehicles that provide private debt and private equity to some 450 companies with inclusive business models across 90 countries. Founded in 2003, the company is headquartered in Zurich, Switzerland, and has local offices in Bangkok, Geneva, Hong Kong, Lima, Luxembourg, Mumbai, Nairobi, Oslo and Paris.
Armswissbank was founded in 2004. As a dynamically developing financial institution, the Bank operates in corporate and investment banking, offering traditional and modern financial solutions in the international banking system. The Bank cooperates with a number of international organizations such as EBRD, ADB, KFW, EIB, IIB, FCI and others.