Armswissbank was awarded “Leading Partner Bank in Armenia 2021” and “Best SME deal-issuing Bank” by Asian Development Bank (ADB).

The bank has received “Leading Partner Bank in Armenia” award from ADB for a second year.The awards ceremony was held in Singapore during the Partners’ Dinner organized by ADB.

Armswissbank said in a news release that the awards are a statement of the bank’s productive and year by year deepening cooperation within the scope of Trade Finance with ADB.

The bank and ADB started cooperation in the sector of Trade Finance from 2014. During this period of cooperation ADB increased approved limit for the bank around 3 times.

Application and development of Trade Finance tools is a strategic development direction for the bank.

Gevorg Khachatryan, Deputy CEO-Director of Customer Service Department commented:

“This is our 7th nomination in the sector of TFP during past 3 years, which proves success of the bank in the field of Trade Finance. I am sure that due to continuous cooperation will be provided more affordable, flexible and competitive loans to customers, contributing to the growth of the banking sector of Armenia and the economy of Armenia as well.”

Armswissbank

Armswissbank operates in corporate and investment banking, offering traditional and innovative financial solutions used internationally.  As a dynamically developing financial institution, the Bank cooperates with a number of other international organizations such as EBRD, EDB, KFW, EIB, FCI and others.

Asian Development Bank

Asian Development Bank (ADB), based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.  Established in 1966, it is owned by 68 members - 49 from the Asian region.