Ratings and Awards

During the Global Trade Review's annual September conference – GTR Asia Trade and Treasury Week 2016 held from 06.09.2016 to 09.09.2016 in Singapore, ARMECONOMBANK OJSC was recognized as the leading partner in Armenia at the Second Annual Awards Ceremony organized by Asian Development Bank under Trade Finance Project.

MoneyGram clearing system, in appreciation of the multiannual experience and productive cooperation with ARMECONOMBANK, awarded the latter with a certificate for “Professionalism and outstanding contribution for money transfer service development in Armenia
During the Annual ICC Banking Commission Meeting held from 20.04.2015 to 23.04.2015 in Singapore, ARMECONOMBANK OJSC was recognized as the leading partner in Armenia at the First Annual Awards Ceremony organized by Asian Development Bank under Trade Finance Project. Steven Beck, the Manager of ADB's Trade Finance Project, handed the "The Leading Partner in Armenia" award to ARMECONOMBANK's representative and thanked her for the Bank's active participation and efficient cooperation in 2014.

In December ARMECONOMBANK OJSC received ISO/IEC 27001:2005 certificate.
German Commerzbank AG granted ARMECONOMBANK OJSC with "Excellence in Quality" award for ensuring flawless, quick and high quality of international transfers in 2013.
“Excellence in Quality” long term and effective cooperation certificate was awarded by MoneyGram.

In September, Moody's Investors Service, an international rating agency, awarded ARMECONOMBANK OJSC financial stability “E+” and long-term AMD and foreign currency deposits “B1” ratings in RA banking sector, both with Stable Outlook.

Austrian UNICREDIT BANK AG granted ARMECONOMBANK OJSC Excellence award for high quality EUR transfers in 2010.

"MoneyGram" international money transfer system rewarded "ARMECONOMBANK" OJSC with diploma and recognized the bank as "The best bank in the sphere of customer servicing".

AmRating/GlobalRating rating agency granted ARMECONMBANK OJSC a BB+ credit rating with a forecast of "possible rise".

ARMECONMBANK OJSC was recognized by the European Bank for Reconstruction and Development (EBRD) as the most active Issuing Bank for Documentary Transactions in the Republic of Armenia under the Trade Facilitation Program.

In February, first time in RA banking system, Moody's Investors Service, an international rating agency, granted ARMECONOMBANK OJSC E+ financial strength and B1 long-term AMD and foreign currency deposit ratings, both with stable outlook.
In April, Moody’s Investors Service reviewed the assigned ratings as a result of which ARMECONOMBANKOJSC received a higher D- financial strength and Ba3 long-term AMD and foreign currency deposit ratings, both with Stable Outlook.

In June, ARMECONOMBANK OJSC became the first bank to receive a Certificate of Excellent Quality for fast and quality-wise performance of International Foreign Currency Transfers from German Commerzbank AG.

For the first time ever Western Union agency awarded ARMECONOMBANK OJSC a Diploma for long-lasting cooperation with Western Union money transfer system, for the significant role in developing Western Union system in RA, as well as for the expansion of WU network and attraction of new sub-agents.

ARMECONOMBANK OJSC was recognized as the best paying agent of the government of RA of the internally held public debt as per decision of the joint committees of the Central Bank of RA and the Ministry of Finance and Economy of RA.

CitiGroup awarded ARMECONOMBANK OJSC Certificate of the Best Servicing Partner.

ARMECONOMBANK OJSC was recognized as the best paying agent of the government of RA of the internally held public debt as per decision of the joint committees of the Central Bank of RA and the Ministry of Finance and Economy of RA.

ARMECONOMBANK OJSC was recognized by the EBRD as the best participant bank within the framework of the Trade Finance Program.

ARMECONOMBANK OJSC was recognized as the best servicing bank of RA by AMEX (American Express Bank Ltd. New York), and received Quality Performance Certificate from.

For three years running, ARMECONOMBANK OJSC was recognized as the best paying agent of the government of RA of the internally held public debt by the decision of the joint committees of the Central Bank of RA and the Ministry of Finance and Economy of RA.

Last modified on Thursday, 06 October 2016 11:31