Ameriabank has been named the Best Bank in Armenia by Global Finance magazine in its 31st annual awards for the World’s Best Banks.

Winners have been chosen in nearly 150 countries, territories and districts in the world with consideration of criteria such as growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products as well as the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry.

According to Global Finance, the winners of this year’s awards are those banks that carefully addressed their customers’ needs in difficult markets and accomplished strong results while laying the foundations for future success. Winning organizations managed their assets and liabilities in a savvy way.

“Banking has reached another watershed moment with the debut of generative artificial intelligence, which promises to rewrite the industry playbook. In this ever-changing environment, the Best Bank Awards recognize the financial institutions that offer the broadest range of services, long-term reliability, and technological innovation,” said Joseph D. Giarraputo, founder and editorial director of Global Finance.

“We are honored to receive the Best Bank Award for another year. This recognition reflects our team’s dedication to delivering strong results across all business directions. It also highlights our focus on technological innovation, allowing us to adapt swiftly to the changing environment and, most importantly, to the growing needs of our customers. I would like to extend my gratitude to Global Finance for this prestigious award and stress that it will reinforce our commitment to excellence and innovation in serving our customers,” Artak Hanesyan, CEO at Ameriabank, said.

Ameriabank has been awarded the Best Bank of Armenia for the tenth time and the fourth consecutive year.