ArmInfo.Ameriabank receives Euromoney Award for Excellence 2021 as the Best Bank in Armenia. As ArmInfo was told in the press service of Ameriabank, the Bank is honored to receive this reputable award given the significantly improved profitability, robust growth, strategic relationships and commitment to enhancement of its digital channels. The Bank receives this recognition for the 8th time already over the last ten years.
As mentioned by the organizers, this year was special, as they registered a record number of pitches for the Awards for Excellence.
Artak Hanesyan, CEO of Ameriabank, commented: "We are truly honored to earn this recognition in these challenging times. We have proved our resilience and maintained strong performance even in the most unprecedented economic conditions, and are more than ever committed to delivering our strategic goals."
To note, before the "Excellence" award as the best bank of the year in Armenia was awarded to Ameriabank from Euromoney in 2011, 2012, and annually in 2014-2019. Ameriabank CJSC is a universal bank providing investment, corporate and retail banking services in the form of a comprehensive package of banking solutions. Ameriabank maintains leadership in the Armenian banking market in terms of key indicators. As of April 1, 2021, the bank's shareholders are Imast Group (C-Y) Limited (previous name - Ameria Group (C-Y) Limited) - 48.90%, EBRD - 17.74%, Asian Development Bank (ADB) - 13, 93%, ESPS Holding Limited - 11.92%, Afeyan Foundation for Armenia Inc. - 7.51%.
To recall, Euromoney magazine has been published in London since 1969 and is considered one of the most significant and authoritative publications on banking, finance and investments. Every year it selects the best organizations in the field of finance and investment. The winners are determined in three stages: first, they study the annual reports, then they interview the bank's partners at home and abroad, after which the experts of the magazine analyze the financial indicators and evaluate the key strategic initiatives of the participating banks. The annual Euromoney Awards for Excellence is presented to the best banks in the world. Not only financial indicators are important, but also the professionalism of management and personnel, transparency of transactions, etc. The best banks in the world are annually found by the British magazine Euromoney in 100 countries - from Argentina to Norway. The Euromoney Award for Excellence, established in 1992, was the first such award in the global banking industry, and is highly respected as a kind of financial Oscar. The prestigious annual prize is awarded based on the analysis of the activities of candidates (banks, brokerage and dealer companies) conducted by financial analysts of Euromoney in more than 100 countries for 29 years in a row. The Excellence Award includes 20 nominations for the banking sector and capital market.
