For the third year in a row, Armswissbank has been awarded “The Most Active Issuing Bank in Armenia” during the Annual Meeting of the European Bank for Reconstruction and Development (EBRD). The award is based on previous year growing Trade Facilitation Programme (TFP) results.

This award comes to attest the Bank’s successful and expanding effective cooperation with the EBRD in frames of its Trade Facilitation Programme. Throughout the cooperation, the initial limit set for the Bank in 2010 by the EBRD has increased almost 10-fold.

The Bank has always paid special attention to the development of trade finance instruments and the ability to meet customers’ financial needs through internationally accepted tools.

In cooperation with the EBRD since 2010, the Bank, in addition to trade financing, has also achieved significant success in SME Lending Program, GCF-GEFF Armenia Energy Efficiency Program and Global Master Repo Agreement (GMRA), which regulates the process of concluding repo transactions with securities in international financial markets. Cooperation with the EBRD in all areas amounts to around USD 50 million.

Armswissbank

Armswissbank was founded in 2004. As a dynamically developing financial institution, the Bank operates in corporate and investment banking, offering traditional and innovative financial solutions used internationally. The Bank cooperates with a number of other international organizations such as ADB, KFW, responsibility, FCI and others.

EBRD

EBRD is a leading institutional investor in Armenia. Till now, the Bank has invested more than EUR 1.51 billion in 189 projects in Armenia in the financial, corporate, infrastructure and energy sectors, with 88% of investments going to the private sector.

TFP

The TFP, launched in 1999, aims to promote foreign trade to, from and among the economies in which the EBRD invests. Through the programme, the EBRD provides guarantees to international confirming banks and short-term loans to selected banks and factoring companies for on-lending to local exporters, importers and distributors. The EBRD’s TFP currently includes more than 100 partner banks in 30 economies where the EBRD invests and more than 800 confirming banks worldwide.