While the banking sector in Armenia is seen as outpacing other sectors in the country—with assets and liabilities having grown substantially over the last five to seven years—there is still a lack of adequate financial intermediation. Banks have received good international support and have developed good lending systems, especially for lending to the micro, small, and medium-sized enterprise sectors. However, there is still a significant gap in lending to larger corporate clients and in managing and monitoring corporate and larger small and medium-sized enterprise client portfolios. DAI developed and implemented an institution building plan for three banks: ACBA, Anelik, and Arneconombank. To do this, DAI reviewed the banks’ organizational structure and corporate governance procedures. Our consultants also assisted the banks with the implementation of these recommendations.