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In 2006, International Finance Corporation became a shareholder of Inecobank acquiring 10% of newly issued shares of the Bank.

Inecobank has been engaged in the Agricultural Lending Program implemented by International Fund for Agricultural Development since 2006 and has issued a loan in amount of about USD 3 mln to finance small agricultural businesses.

Inecobank started cooperation with the BSTDB at the beginning of 2007 with the aim of financing Armenian trade companies pre-shipment and/or post shipment exporting to other member and/or non-member countries and importing from other BSTDB member countries.

Inecobank cooperates with EBRD within the framework of Lending Program for Micro, Small and Medium Enterprises and Guarantee Program for Trade Promotion.

Since 1998 Inecobank has been cooperating with Foundation of International Development Corporation of the World Bank within the scope of Rural Entrepreneurship and Retail Commercial Agriculture Development Project.

In 2003 Inecobank was recognized as a partner-bank of the KfW Banking Group within the framework of German-Armenian Fund (GAF) with the aim to support Armenian Small and Medium Enterprise Development.

Since the beginning of 2008 Inecobank has been integrated into MFC network.

In 2008 DEG became the shareholder of Inecobank CJSC by purchasing 13.5% of its shares from ShoreCap Int. LTD.

Since 2007 Inecobank has been cooperating with PlaNet Finance microfinance development institution the funds of which are used for microfinance purpose.

In 2003 Inecobank became a participant in the Loan Guarantee Program implemented by the USAID.

Since 2006 Inecobank is a member of the Mix MARKET information platform.

Since 2006 Inecobank has been listed on Bankers’ Almanac.

Since August 2008 Inecobank has started cooperation with Asian Development Bank. The funds from the loan agreement in amount of USD 3 mln are used to develop micro finance sector.

Since November 2008 Inecobank has started cooperation with OFID, the funds of which are being used for Trade Finance and Small and Medium Enterprises development purposes.

In 2008 Inecobank started cooperation with Atlantic Forfaitierungs AG with the purpose to promote trade finance development in Armenia.

Inecobank started cooperation with Incofin in March, 2008 within the field of microfinance.

Since March, 2007 Inecobank has been cooperating with “responsAbility” with the mission to develop the microfinance sector in Armenia.

Since March, 2008 Inecobank has started cooperation with VDK Spaarbank n.v. (VDK) within the scope of microfinance. VDK provided Inecobank a loan in amount of USD 3 million to extend small loans to micro-entrepreneurs.

Since December 2010 Inecobank has been cooperating with “BlueOrchard Finance S.A.” investment organization.

Inecobank started cooperation with “Symbiotics” microfinance organization in the end of 2010 by receiving a loan equal to USD 3 mln for microfinance purposes.

Updated as of 07.10.2011‚ 17:27
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