Anelik Bank has recently joined Bankers' Association for Finance and Trade (BAFT) in the scope of international cooperation development.

According to the bank, BAFT is the leading global association for international transaction banking, which aims “to bring together the world's leading internationally active financial institutions.”

“It is very important for us to be among the international financial institutions involved in BAFT. The cooperation of Anelik Bank with the members of the leading association of such a high level will enable us to share knowledge, ideas and solutions. We hope that the bank will be able to successfully use the best experience of foreign partners in its activities,” said First Deputy Chairman of the Management Board of Anelik Bank Sergey Virabyan.

The bank expressed hope that through its cooperation with foreign financial institutions in various areas, Anelik Bank would strengthen its position in international financial markets and improve services offered to customers in the field of international transactions.

“BAFT is proud to welcome Anelik Bank as a member, and we look forward to working together as leaders in world of trade finance and transaction banking,” President and CEO of BAFT Tod Burwell remarked.

BAFT helps its members to cooperate and exchange best practices of developing new and existing instruments in the field of trade finance and transaction banking. These practices facilitate the settlements of innovative and modern products and services for clients. The association contributes to the safety and soundness of the global financial system.

BAFT (based in Washington) has more than 240 member financial institutions and organizations in over 50 countries. Only 3 countries from CIS are members of the Association, including Armenia, represented by Anelik Bank.

About BAFT - BAFT, the leading global financial services association for international transaction banking, helps bridge solutions across financial institutions, service providers and the regulatory community that promote sound financial practices enabling innovation, efficiency, and commercial growth. BAFT engages on a wide range of topics affecting transaction banking, including trade finance, payments, and compliance. The association website is www.baft.org.