Yerevan/Mediamax/. ARARATBANK is recognized “the most active issuer bank in Armenia” in 2010 by European Bank for Reconstruction and Development (EBRD).

The award was handed to the Executive Director of ARARATBANK OJSC Ashot Osipyan during the general annual meeting of EBRD in Astana.

Realizing the Global Trade facilitation Program (TFP) jointly with EBRD, in 2010, ARARATNANK issued documentary tools at the total sum of USD 4mln, which is 5 times more, as compared to the index of the previous year.

Within the framework of TFP program, a new tool was also introduced – Revolving Credit Agreement (RCA), aimed at funding import deals. This program was also successfully realized, and the increase of the provided financing limit by 1.5 times by EBRD evidences the fact.