In 2007, LFS was commissioned by EBRD to support a partner bank in Armenia in mortgage lending. The assignment included the review of the bank's mortgage lending procedures and their adaptation to international best practice. This was accompagnied by theoretical and on-the-job-training of the partner bank's staff. Also, special sessions on business and strategic planning for the partner bank's management were held. The overall objective was to enhance the partner bank's mortage lending business, in the light of changing refinancing opportunities and a rapidly changing market and competition environment.