At the end of October 2022, ARMSWISSBANK implemented first deal with International Bank for Economic Co-operation (IBEC) in frame of recently signed General Financial Agreement.
As part of the agreement, IBEC provided ARMSWISSBANK with a trade related funds in rubles for short term financing of contracts for the supply of food products from Armenia to the Russian Federation.
ARMSWISSBANK was awarded “LEADING PARTNER BANK IN ARMENIA 2021” and “BEST SME DEAL- ISSUING BANK” by Asian Development Bank (ADB). The Bank receives “LEADING PARTNER BANK IN ARMENIA” prestigious award from ADB second year.
On June 20-24, within the framework of ''Scaling up green finance practices in Armenia'' grant project, with the participation of representatives of the Ministry of Environment of the RA, the Ministry of Finance of the RA, Ministry of Economy of the RA, the Central Bank of Armenia and the commercial banks was held a study visit with the leading European financial institutions-headquarters of the KfW and the Dutch Entrepreneurial Development Bank (FMO) within the framework of ՛՛green՛՛ finance international best practice survey.
For the 4th year in a row, ARMSWISSBANK has been awarded “The Most Active Issuing Bank in Armenia” during the Annual Meeting of the European Bank for Reconstruction and Development (EBRD) which took place May 10-12, 2022 in Marrakesh, the Morocco.
On the 24th of March 2022, a new loan agreement with ARMSWISSBANK CJSC and the Eurasian Development Bank (EDB) was signed to promote trade financing in the amount of USD 5 million.
ArmswissBank is one of the leading banks providing factoring services in the Armenian banking system, at the same time, is the only Bank appearing to be a member of Factors Chain International (FCI, International Factoring Association) since 2008. The development of international factoring in cooperation with FCI has always been one of the key priorities of the Bank.
On January 10, 2022, at the Best Western Congress Hotel, Armswissbank – the Delivery Partner of “Scaling up green finance practices in the Republic of Armenia” Programme - organized a workshop to present the results of the third phase of the programme funded by the Green Climate Fund (GCF). The results of the international good practice analysis in the sustainable finance area and the proposed recommendations for advancing green finance practices in Armenia were presented. The third phase of the Program was implemented by PwC Armenia and PwC Switzerland.
On November 26, ARMSWISSBANK CJSC hosted an online webinar entitled “Energy Efficient Investments for SMEs” organised jointly with the European Bank for Reconstruction and Development (EBRD) Green Economy Financing Facility (GEFF) in Armenia, and attended by the Bank’s clients and representatives of other organisations.
On October 20, the official opening ceremony of "Sharosolar" industrial solar power station took place in Katnaghbyur community of Aragatsotn region.
The installed capacity of the station is 5 MW (photovoltaic capacity 6 MW). The most modern bifacial half-cut panels of the international market were used, which generate electricity through the front and opposite faces.
ARMSWISSBANK has been awarded “Leading Partner Bank in Armenia” in 2021 by Asian Development Bank (ADB) based on previous year trade finance results. The award is the result of the Bank's year-over-year effective cooperation with ADB within the scope of trade finance program.
