Yerevan /Mediamax/. The average market price of “Armeconombank” shares, according to the data of quotations for 2007-2008 at the Armenian Stock Exchange, increased for 24.2%.

As Mediamax was told in the press service of “Armeconombank”, “the given fact evidences that the bank has overcome all tests in the course of a diverse and tense year”.

The press service noted that due to efficient activity of the bank in 2008, not only the forced reduction of the main indices in the beginning of the year was suppressed, but also growth of the bank’s main indices up to 30% has been registered since April.

The bank noted that in 2008 cooperation of “Armeconombank” with its strategic shareholder – European Bank fort Reconstruction and Development (EBRD) and the traditional partners – KfW and IFC entered a new level.

“Assessing the bank’s activity in the sphere of stimulating international trade, EBRD declared “Armeconombank” “Best Active Issuer Bank of Armenia in 2008” within the framework of its Trade Facilitation Programme, the press service of the bank noted.

The press service noted that in 2009 “Armeconombank” will continue realizing its strategy, focusing on increasing the recognizability of its brand in international financial-banking circles.