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Armswissbank was awarded “Most active issuing bank in Armenia in 2019” by EBRD
09/06/2020 15:14

Armswissbank was awarded “Most active issuing bank in Armenia in 2019” by EBRD

In prestigious annual TFP Awards organize by EBRD within the scope of Trade Facilitation Programme (TFP) ARMSWISSBANK CJSC was awarded the “Most Active Issuing Bank in Armenia in 2019”

This award comes to attest the Bank’s successful and year by year growing activity within the scope of Trade Finance with EBRD. Currently, ARMSWISSBANK has USD 22 mln limit approved by EBRD.

It is noteworthy that last year the Bank, as result of its multilateral and effective cooperation with EBRD, has been granted with three other awards as well, namely;

  • “Most Active Issuing Bank in Armenia in 2018” at EBRD’s annual meeting held in Sarajevo
  • “Agent For Change 2018” for its role in supporting green investments in the food industry, as result of its efficient activity in the field of renewable energy and energy efficient equipment introduction.
  • Special award by Frontclear for repo transactions amounting AMD 6.6 bln (USD 13.5 mln) within the framework of the Global General Repo Agreement (GMRA) concluded between the Bank and EBRD on January 2018.

The collaboration between ARMSWISSBANK CJSC and EBRD dates back to 2010. The cooperation has developed in a number of directions, particularly, within the scope of SME Lending Program, Trade Finance Program, GCF-GEFF Armenia Energy Efficiency Program and Global Master Repo Agreement (GMRA), which regulates the process of concluding repo transactions with securities in international financial markets.

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1 - mln AMD, 2 - AMD, 3 - bln AMD