Ardshinbank named best in two categories by Asian Banking Finance magazine

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YEREVAN, July 10. /ARKA/. Ardshinbank was declared the winner by the Asian Banking Finance international magazine in two categories: “Retail Bank of the Year” and the “Private Bank of the Year” in Armenia for 2024, the bank reported on Wednesday./pp

In the congratulatory message to the winners from the magazine, it is specifically stated: “These awards are a testament to each company's continuous improvement and setting new benchmarks for the industry by employing best practices and innovative approaches, which are shaping the future of banking.”/pp

According to Artak Khachatryan, Director of Retail Business at Ardshinbank, the base of these awards is the daily hard work of each employee to provide high quality and accessible banking services to customers.nbsp;/pp “Ardshinbank has been the leading bank in Armenia by total assets, total and retail deposits, net profit, international financing, ROE, and branch network development for several years. These facts were decisive in selecting the winner among many worthy candidates from around the world. These awards once again affirm the correct strategic direction of Ardshinbank's development, noted A. Khachatryan in his comments./pp

Ardshinbank is the leading bank in Armenia with a diversified universal banking offering including retail and commercial banking, investment banking, and private wealth solutions. The Bank has almost 400,000 customers served by 1,700+ employees, a strong omni channel distribution platform with 65 branches. Ardshinbank is the only private entity in Armenia with assigned ratings from three international rating agencies, all at the level of the sovereign, as follows: SP Global Ratings (BB- (Stable)), Moody’s (Ba3 (Stable)) and Fitch (BB- (Stable)). The bank is also the only non-sovereign entity from Armenia which has issued RegS /144A public Eurobonds in international capital markets./pp

Asian Banking Finance (ABF) is a banking industry magazine serving the dynamic financial services sector in Asia. The magazine publishes analytical articles and industry reports related to commercial, retail, and investment banking companies in Asia./pp br/p