HERE AND BEYOND
July 28, 2010 Ameriabank Wins Commerzbank’s “Excellence for Quality” Award
Media Room
On July 27 this year Commerzbank gave Ameriabank an “Excellence for Quality” special award as their best partner bank in Armenia in international transactions according to 2009 results. Every year Commerzbank grants this award to its best partner banks worldwide recognizing their high performance in international transactions both in terms of quality and number.   
 
Ameriabank is the only bank in Armenia to win Commerzbank’s ‘Quality for Excellence’ award for international transactions in 2009. The award ceremony was held on July 27 at the head office of Ameriabank. Axel Bommersheim, Senior Relationship Manager and Managing Director at Commerzbank, and Artak Hanesyan, General Director at Ameriabank, attended the ceremony.   
 
In relations with its correspondent banks Ameriabank processes international wire transfers via STP (Straight Through Processing) solutions where payment transactions are conducted electronically, without manual intervention. This factor ensures maximum speed for wire transfers. The international practice has adopted a special STP rate to measure the level of STP application. This indicator shows the ratio of automatically processed data to the overall data processed. In 2009, Ameriabank’s STP rate for the clients’ international transfers stood at 99.59%.
 
In 2009, Ameriabank reported a record high growth of 49.82% in international wire transfers   over 2008 level. The consistent increase in the number of international payments through 2010 resulted in 59.9% growth Y-o-Y by mid-year.  
 
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Ameriabank CJSC is a corporate investment bank, which offers corporate, investment and limited number of retail banking services and provides a comprehensive package of banking solutions. The Chairman of the Board of Directors of Ameriabank is Mr. Ruben Vardanian. The Chairman of the Management Board – General Director is Mr. Artak Hanesyan. Strategic partner of Ameriabank is Troika Dialog Group, one of the largest Russian investment and banking companies.  
Updated 30.07.2010, 18:50
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