Corporate Social Responsibility
ARMSWISSBANK RECIEVED AN AWARD FROM FRONTCLEAR FOR CROSS-CURRENCY REPO TRANSACTIONS WITH EBRD

ARMSWISSBANK RECIEVED AN AWARD FROM FRONTCLEAR FOR CROSS-CURRENCY REPO TRANSACTIONS WITH EBRD

12.03.2019

ARMSWISSBANK has been awarded by Frontclear, one of the world's leading financial market development companies for cross-currency repo transactions amounted AMD 6.6 bln (USD 13.5 mln) within the scope of the Global Master Repurchase Agreement (GMRA) signed between the EBRD and ARMSWISSBANK in January 2018. Frontclear acted as a guarantor of the mentioned transactions.

It is worth mentioning, that for the first time in Armenian financial market ARMSWISSBANK implemented cross-currency repo transaction with the financing of EBRD and attracted funds covered by Armenian government US Dollar denominated Eurobonds.


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