YEREVAN, January 29. /ARKA/. Global Finance Magazine has singled out Araratbank as the best trade-financing bank of Armenia, the press office of the bank reported on Thursday.

The bank has won this award thanks to amounts of its transactions, geographic coverage, the high quality of its services, competitive price-making policy and innovative technologies.

According to the report, at its annual assembly held on January 20, Global Finance pointed out the best banks of 84 countries of nine regions in various nominations.

The choice of the winners of the annual awards was made by Global Finance editors, economic analysts, business managers and independent experts.

Global Finance is the third established international organization to recognize Araratbank the best trade-financing bank since 2010.

Global Finance Magazine has 50,000 subscribers in 180 countries. The magazine analyses important financial indicators of more than 192 countries.

Araratbank, the heir of Armsvyaz bank, was established in 1991. European Bank for Reconstruction and Development holds 25% of the bank’s shares, 64.25% of the shares belong to Flash petrol trader, and less than 10% to RURAL IMPULSE FUND II SA SICAV SIF.

On January 30, 2009, the bank joined NASDAQ OMX Armenia Stock Exchange.

The bank has 33 branches in Armenia. ---0----