Global Banking and Finance Review has awarded ArmSwissBank CJSC in recognition for its dedication to providing leadership and excellence in Trade Finance. “ArmSwissBank understands the importance of cooperation with local and international organizations and is committed to developing new partnerships and strengthening existing ones and promoting the export opportunities available to domestic producers. This commitment and dedication to improvement,efficiency, risk management and commitment to customer experience is demonstrated in their strong performance and made them stand out as the clear winner in this category”, said Wanda Rich, Editor, Global Banking & Finance Review. “We look forward to seeing more from them in the years to come.”

The awards honour companies that stand out in particular areas of expertise in the banking and finance industry. ArmSwissBank CJSC was awarded the Best Trade Finance Bank Armenia 2018 because of the company’s outstanding performance and achievements in trade finance and by scoring well in the following categories:

• Trade Finance Portfolio increased 73% for the Y 2017.
• Increase in trade finance transactions: 235 transactions amounting to approximately USD 18.5 million, which was increased by 99% compared with the same indicator previous year.
• Export financing increased by 2.6 times
• Dedication and commitment to development and growth
• Their approach to risk management
• Leadership and innovation

The Global Banking & Finance Awards honour institutions that stand out in their particular area of expertise in the finance industry. They recognize achievement, challenge, progress and inspirational change in finance globally. Global Banking & Finance Review is a leading online and print magazine, which has evolved from the growing need to have a more balanced view for informative and independent news for the global banking and finance industry. It is reflected in the quality and in-depth insight provided by our experienced contributors in a clear and concise way.