Within the framework of the 11th annual trade finance awards organized by Asian Development Bank, Armeconombank received another award: the bank was recognized as “The Leading Partner Bank in Armenia”.

The bank said it has been granted this award for the fifth time since 2015. The awards are presented by Asian Development Bank to its best international partners for active and reliable cooperation.

“Within the framework of Trade and Supply Chain Finance Program (TSCFP), with the guarantee of Asian Development Bank, Armeconombank received targeted financing for trade financing, which ensured import transactions of several companies for the purchase of modern equipment and raw materials.   

Long-standing cooperation between Asian Development Bank and Armeconombank facilitates bank’s customers promotion, taking into account the features and development requirements of business,” the bank’s news release reads.