The Banker publication of “The Financial Times” recognized Ameriabank as the Bank of the Year in Armenia 2017.

According to the bank, Ameriabank is honored with this award for the third year in a row and overall for the fifth time (previous awards dated 2016, 2015, 2013, 2010).

“At the award ceremony in London the organizers highlighted that Ameriabank won this recognition considering a number of metrics such as strengthening market position as a major universal bank and a top lender in Armenia, becoming the first Armenian bank to cross the 1bn threshold in loan portfolio as of 2016 while maintaining high liquidity ratios and introducing new online technologies, and pursuing customer-centric policy. A strong degree of importance was also given to effective cooperation with IFIs, huge sustainable growth potential, balanced risk policy,” the statement reads.

Among other winners of the Bank of the Year Award 2017 are BNP Paribas (Belgium and France), Bank of America (US), Bank of China (Hong Kong), TBC Bank (Georgia) and other reputable financial institutions.

The Banker’s award has been held for the 18th year now. This year leading banks of 141 countries of the world participated in annual global banking awards.