Ameriabank named the Best Bank in Armenia at Euromoney Awards for Excellence 2011
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Ameriabank has won Euromoney 2011 award ‘For Excellence’ as the best bank in Armenia.

The award ceremony was held on July 7 this year in London.

Since 1992 Euromoney, the world’s leading financial markets magazine, has singled out the outstanding institutions in finance worldwide granting awards in various nominations. Euromoney awards for Excellence now incorporate 25 global awards for banking and capital markets; and awards for the best banks and securities houses in almost 100 countries around the world.

According to the organizers, the best bank award went to Ameriabank in recognition of its efficient management system, strengthening presence in the local market and implementation of new products such as purchase order finance, classic factoring, structured deposits, gold-denominated accounts, as well as AMERIA GLOBAL TRADING and WEB TRADER, a pair of broking platforms that give Armenian clients access to more than 80 stock markets worldwide.

Among other considerations for the award were dynamic growth of the bank, increase of assets, liabilities and capital, successful integration of Cascade Bank, raising $ 130 million from International Finance Corporation, the Dutch development finance company FMO, Germany’s DEG (KfW Bankengruppe member) and the European Bank for Reconstruction and Development to support the development of renewable energy infrastructure and small and medium-sized enterprise (SME), as well as innovation and progressive approaches. 
Updated 09.07.2011, 11:28
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