Ելակետ լրատվականի նոր կայքը այստեղ
Yerevan
12 / August / 2020


Ameriabank Receives Two IFC Awards for Achievements in Trade-Finance Sector

Ameriabank CJSC, Armenia’s largest bank, has been named the Best Bank Partner for Equipment Trade in
Europe and Central Asia and the Best Issuing Bank in the Caucasus and Central Asia for 2019 by IFC, a
member of the World Bank Group. This is the second consecutive time that Ameriabank is receiving the
award for Best Issuing Bank in Caucasus and Central Asia.

The two awards reflect Ameriabank’s success in raising short and long-term trade finance with IFC-
guaranteed letters of credit under IFC’s Global Trade-Finance Program (GTFP). These funds are channeled
among others into agriculture, road construction, and to enable businesses to purchase energy-efficient
state-of-the-art equipment.

Georgina Baker, IFC Vice President for Europe, Central Asia, Latin America, and the Caribbean, presented the
awards to Ameriabank in Yerevan. She said, “Trade finance is a key priority for IFC because of the strong
impact it can have on fostering economic activity and development. With IFC-supported trade transactions,
Ameriabank, our long-term partner in Armenia, has supported imports of modern and energy-efficient
equipment for road construction and greenhouses, contributing to economic growth and job creation. These
two well-deserved awards recognize Ameriabank’s excellence in furthering our mission in Armenia.”
The award for Best Partner Bank for Equipment Trade in Europe and Central Asia is being presented for the
first time this year. It was introduced to recognize the best and most active partners in the recently launched
medium-term extension of GTFP, which covers eligible trade transaction tenors of up to five years in support
of imports of equipment and capital goods with the focus on climate change.

Andrew Mkrtchyan, Chairman of the Board of Directors of Ameriabank, commented, “We highly appreciate
the IFC awards. It is a great honor for us to be the first recipient of a newly-established award in Europe and
Central Asia. We began cooperation with IFC in trade finance in 2009 and since then have been able to
substantially increase trade-finance activities in Armenia. I am sure that our joint efforts will promote
development of the Armenian banking sector and the synergy will contribute to economic growth in our
country.”

Ameriabank CJSC
Ameriabank is a dynamically developing bank and one of the major and most stable financial institutions in
Armenia with clearly formulated digital agenda. The first investment bank in Armenia, Ameriabank is a
universal bank offering innovative corporate, investment and retail banking services in a comprehensive
package of banking solutions. Ameriabank is the leading bank in Armenia as measured by all key financial
indicators (assets, liabilities, loans portfolio, net profit and equity) according to the 2019 year reportable
data.

For further information, please visit www.ameriabank.am 
IFC Global Trade Finance Program
Launched in 2005, the $5 billion IFC’s Global Trade Finance Program (GTFP) provides risk mitigation by
guaranteeing trade-related payment obligations of over 285 eligible financial institutions (FIs).
In 2014, IFC introduced the $500 million Medium-Term GTFP (Global Equipment Finance Facility), which
extends guarantees up to five years to selected partners to support imports of equipment and capital goods
with the focus on climate change.

For more information about IFC, visit: www.ifc.org 

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