Global Finance names Ameriabank as best trade finance bank in Armenia

YEREVAN, January 27. / ARKA /. The Global Finance Magazine has named Ameriabank as the best trade finance bank in Armenia in 2014 for the fourth time in a row since 2011.

Ameriabank said in a press release that Global Finance magazine has named the World’s Best Trade Finance Banks in 7 regions, 84 countries.

The editors of Global Finance selected the best trade finance providers based on input from industry analysts, corporate executives and technology experts. In addition, a poll of Global Finance’s readership was conducted in order to increase the accuracy and reliability of the results. Criteria for choosing the winners included: transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies.

“Ameriabank continues its effective cooperation with international financial institutions and reputable foreign banks, thanks to which its approved limit is more than $122 million,” the press release said.

It said the bank used its payment tools to serve $88 million worth export and import transactions in 2014, an increase of 52 percent from the previous year.

Ameriabank is a universal bank providing investment, corporate and retail banking services in the form of a comprehensive package of banking solutions. This is the first investment bank in Armenia, which has been providing a wide range of innovative banking services since 2007.

In 2014 the bank’s assets grew by 26.9% to 399.7 billion drams, its liabilities surged by 29.3% to 357.4 billion drams, its capital upped by 9.43% to 42.3 billion drams. It also earned 7.1 billion drams in net profit, up from 6 billion drams earned in 2013. ($ 1 - 474.48 drams). -0-