AraratBank has been again awarded the Partner of the Year by Ria Money Transfer for achieving great results during 2020 and supporting Ria Money Transfer business growth.

The cooperation between the Bank and Ria Money Transfer started on January 25, 2012. AraratBank earned this honorary award as a result of an over nine-year-long efficient and flexible cooperation, providing stable growth of indicators and high service quality.

"It is noteworthy that in 2020, in the face of many challenges due to changes in the business environment, the COVID-19 pandemic and the post-war crisis, the Bank succeeded in providing the volume growth of transfers through Ria Money Transfer by over 19.6% as compared to 2019," commented Zaruhi Melkonyan, the Head of the International Operations Department.

It is worth noting that the Ria Money Transfer has a fairly large geographical coverage, encompassing more than 160 countries.