Armswissbank receives EBRD award “The Most Active Issuing Bank in Armenia for 2021”

12.05.2022 | 15:25 Home / News /
#Armswissbank #EBRD #award
For the 4th 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) which took place May 10-12, 2022 in Marrakesh, the Morocco.


This award comes to attest the bank’s successful and expanding effective cooperation with the EBRD in the frame 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, amounting to about $ 30 million, which is currently one of the largest limits in the Armenian banking system.


“The bank has always paid special attention to the development of trade finance instruments and the ability to meet customers' financial needs through the 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 60 million,” the news release says.

ARMSWISSBANK

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, EIB, FCI, EDB and others.

EBRD

EBRD is a leading institutional investor in Armenia. Till now, EBRD has invested more than EUR 1.56 billion in 191 projects in Armenia in the financial, corporate, infrastructure and energy sectors, with 91% of investments going to the private sector.
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