International Finance Corporation (IFC) has awarded Ameriabank as Best Issuing Bank Partner in the Caucasus and Central Asia in 2017.

“We greatly appreciate this award and our long-standing partnership with the IFC. We began cooperation with the IFC in trade finance in 2009 and have since then been able to substantially increase our trade finance activities and stimulate the development of different sectors across the Armenian economy. We do expect to see considerable growth this year as well, especially given the Positive Outlook for Armenia by Fitch Ratings in June,” said Suren Kocharyan, Head of Trade Finance at Ameriabank.

The bank has added that this is the third IFC award grants to them.

Previously, the corporation awarded Ameriabank as Most Active GTFP Issuing Bank in the Caucasus and nominated as Best GTFP Issuing Bank for Energy Efficiency in Europe and Central Asia.