Ratings and Awards

Updated:03.06.2020 | 15:18

2020

Bank was granted an “STP Quality Award 2019” by Raiffeisen Bank International AG.

The current ratings of the Bank, according to Moody's Investors Service internatinal rating agency.

The Banks ratings are following:

  • Long Term Counterparty Risk Rating: Ba3
  • Long Term / Short Term Deposit Rating: B1/NP
  • Outlook: Negative
2019

The current ratings of the Bank, according to Moody's Investors Service internatinal rating agency (03.09.2019).

The Banks ratings are following:

  • Long Term Counterparty Risk Rating: Ba3
  • Long Term / Short Term Deposit Rating: B1/NP
  • Outlook: Stable
2018

The ratings of the Bank, according to Moody's Investors Service internatinal rating agency(28.06.2018).

The Banks ratings are following:

  • Long Term Counterparty Risk Rating: B1
  • Long Term / Short Term Deposit Rating: B2/NP
  • Outlook: Stable

2017

  • During the Global Trade Review's annual September conference – GTR Asia Trade and Treasury Week 2017 held in Singapore, ARMECONOMBANK OJSC was recognized as the leading partner in Armenia at the Third Annual Awards Ceremony organized by Asian Development Bank under Trade Finance Project.
  • During the event organized on 20 July 2017 by Thomas Reuters company, a well –known company in the financial market,  ARMECONOMBANK OJSC was granted by a special award- the first user of Thomson Reuters electronic financial platform in Armenia. Thanks to the cooperation with Thomson Reuters, the Bank was active both in local and international markets. 

2016

  • 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.

2015

  • In August, 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’’. The Certificate was handed the Bank’s representative by Senior Regional Director for CIS and the Baltic States at MoneyGram Yevgeniy Butyugin during his visit to Armenia.
  • In April, 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.
2014

Asian Development Bank granted "Leading Partner Bank in Armenia" award to Armeconombank OJSC under Trade Finance Project

2013

"EXCELLENCE IN QUALITY"  a long term and effective cooperation certificate, was awarded by MoneyGram

Commerzbank AG of Germany granted ARMECONOMBANK OJSC the "Excellence for Quality" award for effecting high_quality, faultless and fast international transfers in 2013.

2011 Commerzbank AG of Germany granted "Excellencein quality" award for high-quality tranfers in EUR in 2011.
2010

For the second year in a row, the Bank won the recognation of MoneyGram international clearing system for "Excelent customer service in the Republic of Armenia" for performance in 2010.

UniCredit Bank AG granted the Bank Excellence for Quality EUR tranfers in 2010.

2009 MoneyGram granted th bank a certificate based on 2009 results and recognized the bank as the best bank in the area of customer service.
2008 AmRating/GlobalRating agency granted the Bank BB+ credit rating with Positive Putlook forecast.
2007 For the first time in Armenia, Western Union granted the Bank a Honorary Diploma for long-lasting and fruitful cooperation with Western Union and considerable role in the development of Western Union's business in Armenia, as well as expansion of the Western Union network and attraction of new sub-agents. 
2006 The Bank was granted a Certificate of the Best Servicing Partner by City Group
2005 For 2005 performance results, was declared the best paying agent for the Government of Armenia by the decision of the joint commitee of CB of Armenia and The Ministry of Finance and Economy of RA.
2002

Was recognized the best servicing ARmenian bank in 2002 by AMEX(American Express Bank LTD, NewYork) and received Quality performance Certificate

 

Updated:03/06/2020 15:18