In prestigious annual TFP Awards organize by EBRD within the scope of Trade Facilitation Programme (TFP) ARMSWISSBANK CJSC was awarded the "Most Active Issuing Bank in Armenia in 2019".

“This award comes to attest our successful and year by year growing activity in the framework of Trade Finance with EBRD. Simultaneously, it fosters us to achieve better results within the scope of our cooperation. Currently, ARMSWISSBANK has USD 22 mln limit approved by EBRD”-said the Executive Director of ARMSWISSBANK.

It is noteworthy that last year the Bank, as result of its multilateral and effective cooperation with EBRD, has been granted with three other awards as well, namely;

• "Most Active Issuing Bank in Armenia in 2018" at EBRD’s annual meeting held in Sarajevo
• “Agent For Change 2018” for its role in supporting green investments in the food industry, as result ofits efficient activity in the field of renewable energy and energy efficient equipment introduction.
• Special award by Frontclear for repo transactions amounting AMD 6.6 bln (USD 13.5 mln) within theframework of the Global General Repo Agreement (GMRA) concluded between the Bank and EBRD on January 2018.

The collaboration between ARMSWISSBANK CJSC and EBRD dates back to 2010. The cooperation has developed in a number of directions, particularly, within the scope of SME Lending Program, Trade Finance Program, GCF-GEFF Armenia Energy Efficiency Program and Global Master Repo Agreement (GMRA), which regulates the process of concluding repo transactions with securities in international financial markets.

About EBRD Trade Facilitation Programme (TFP)
Launched in 1999, the EBRD’s Trade Facilitation Programme aims to promote foreign trade to, from and among the countries in which the EBRD invests. Through the programme, the EBRD provides guarantees to international confirming banks and short-term loans to selected banks and factoring companies for on-lending to local exporters, importers and distributors. The TFP currently includes over 120 issuing/partner banks in 30 economies, with limits exceeding €5 billion in total and more than 800 confirming banks worldwide.

About ARMSWISSBANK
“ARMSWISSBANK” was founded in 2004. As a dynamically developing financial institution, the Bank operates in corporate and investment banking sectors, offering traditional and modern financial solutions to the market. The Bank cooperates with a number of international organizations such as EBRD, ADB, KFW, EIB, IIB and others.

We are happy to share that other FCI members were also awarded the prestigious annual TFP Awards by EBRD, namely: Eurobank Bulgaria, Bank of Cyprus Public Company Limited, Qatar National Bank Alahli, Egypt and TBC Bank, Georgia