AraratBank has earned the distinguished Partner of the Year title from Ria Money Transfer for its outstanding performance in 2024.

The bank reported that the criteria applied by Ria Money Transfer included, among others, the volume and number of transactions, quality of service, compliance with MLTF requirements, and efficiency of joint campaigns.

“It’s a great honor to receive this prestigious award from Ria Money Transfer. This achievement not only recognizes our success but also serves as motivation to reach even higher standards. In the current geopolitical climate, we will continue to strengthen our position and ensure sustainable development,” said Zaruhi Melkonyan, Head of International Operations Department at AraratBank.

In 2023, the bank was awarded the Business Growth Achievement Award in light of the continuing and steady increase in volumes and numbers of transactions since 2012.

Notably, Ria Money Transfer operates across more than 160 countries, providing reliable and swift money transfer services worldwide.