HERE AND BEYOND
Armenian bank given a confirming bank status by EBRD for the first time
Media Room

EBRD-Ameriabank FinancingFirst time ever EBRD granted to Armenian bank, namely Ameriabank status of a confirming bank under EBRD’s Trade Facilitation Programme (TFP).

Earlier, on May 9, 2013, EBRD held a TFP ceremony in Istanbul, during which Gagik Sahakyan, Corporate Banking Director at Ameriabank, executed an agreement subject to which Ameriabank was granted a confirming bank status under Trade Facilitation Programme.

Suren Kocharyan, Head of Trade Finance Unit, Ameriabank, said. ‘A confirming bank status is vitally important for development of trade finance in the region. It will trigger growth of export volume and will make confirmation and servicing of export LCs and guarantees accessible for local exporters. A confirming bank status is a great achievement also in terms of inclusion of an Armenian bank (Ameriabank) in EBRD’s confirming banks’ list first time ever’.

Status of a confirming bank issued by EBRD once more proves Ameriabank’s high rating as a reliable and acknowledged partner in the international market.

 

Updated 24.05.2013, 17:10
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