Armenian Banks Fund Firebird AI Megaproject

Wed, 22 Apr 2026 17:17:25 +0000
Banking

Six Armenian financial institutions—Ardshinbank, Acba Bank, Evocabank, Fastbank, C-Quadrat Ampega Asset Management Armenia, and Amundi-Acba Asset Management—signed a loan agreement on March 26, 2026 to finance the 'Firebird AI' megaproject. CBA Governor Martin Galstyan attended the signing ceremony, noting that Armenia's banking system now possesses sufficient capacity to evaluate and implement projects of international scale. The Minister of High-Tech Industry and the U.S. Embassy Chargé d'Affaires also participated.