Ameriabank becomes a double winner of Commerzbank awards for high performance in 2010
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Ameriabank is a double winner of Commerzbank awards for outstanding performance in 2010.

In honor of the bank’s excellent cooperation in trade finance Ameriabank has become the first in Armenia to receive the Trade Finance Award.

In 2010 Ameriabank demonstrated triple increase in trade finance transactions vs. 2009 level.

For two subsequent years Commerzbank grants Excellence for Quality award to Ameriabank for high performance in international transactions. Back in 2009 Ameriabank was the first in Armenian banking sector to receive the award. Every year Commerzbank grants the award to its best partner banks worldwide recognizing their high performance in international transactions both in terms of quality and number.

In relations with its correspondents 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 2010, Ameriabank’s STP rate for the clients’ international transfers stood at 99.6%.

In 2010, Ameriabank reported a double growth in international wire transfers over 2009 level.

The award ceremony was held at the head office of Ameriabank, attended by Mr. Axel Bommersheim, Senior Relationship Manager at Commerzbank, Mr. Johann Engbrecht, Relationship Manager, and Mr. Gagik Sahakyan, Corporate Banking Director at Ameriabank.

Updated 15.04.2011, 15:19
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