Friday, June 14, 2024
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Home » Ardshinbank Recognized as the Best Bank in Armenia by Euromoney Magazine in 2023

Ardshinbank Recognized as the Best Bank in Armenia by Euromoney Magazine in 2023

by Okropir Undiladze
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Ardshinbank has been honored with the Euromoney magazine 2023 Award of Excellence as “The Best Bank in Armenia”. This recognition is a testament to Ardshinbank’s exceptional performance, innovative approaches, and leading position as the largest service provider in the Armenian financial market. The annual Euromoney Awards celebrate banking excellence and innovation, honoring banks that demonstrate strong growth, customer focus and strategic vision.

Artak Ananyan, Chairman of the Board of Ardshinbank, expressed his gratitude for this prestigious award. In his address at the London awards ceremony, he emphasized the bank’s ongoing efforts to provide cutting-edge banking services, focusing on customer satisfaction and investments in Armenia’s economy. “It is a great honor for us to be recognized as the best bank in Armenia by the renowned Euromoney magazine. This prestigious award is the result of the dedication and collaborative efforts of our entire team. We are constantly striving to offer innovative financial solutions and build trust with our clients.”

Ardshinbank is the only company in Armenia with assigned ratings from the big three credit rating agencies (Moody’s, Standard & Poor’s, Fitch). The bank’s ratings are on the level of sovereign of Armenia. The bank holds a leading position in the market across several major financial indicators and is the number one bank in terms of

  • common assets,
  • total liabilities,
  • current accounts and customer deposits,
  • net income.
  • Ardshinbank provides a comprehensive range of services in consumer banking, small and medium-sized business banking, and corporate banking. Among its strategic initiatives is the financing of “green” projects, including the construction of 14 solar power plants.

Euromoney magazine was first published in 1969 to cover the emergence of international capital markets. Today, Euromoney is one of the most prestigious magazines in the financial world. In addition to news, opinion and views, the magazine’s surveys and awards provide comprehensive rankings of the banking industry.

The activities of Ardshinbank are regulated by the Central Bank of Armenia.

Source : Armenia News

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