YEREVAN, April 15, /ARKA/. Armenian Ameriabank said in a press release it has won two awards of German Commerzbank for its 2010 performance. The first award was given for its flawless cooperation in trade financing and the second prize called Quality Excellence was given for executing international transactions.

According to the press release, Ameriabank saw last year a triple increase in trade financing transactions and was given the German bank’s award for the second year in a row.

Commerzbank honors the awards annually to best partner banks for securing high quality and quantity criteria in international transitions.

Ameriabank executes all international transfers via Straight Through Processing system that enables to execute transfers automatically and with the highest possible speed. Gagik Sahakian, head of Ameriabank’s corporate clients department, took part in the awarding ceremony in Germany.

Ameirabank is owned by TDA Holding, an affiliation of one of the largest Russian investment companies Troika Dialog.
Commerzbank was founded in 1870. It is the second largest bank in Germany in terms of assets size which total 400 billion euros. Its 36,000 staff serves 8 million clients in more than 40 countries.-0-