YEREVAN, April 18, /ARKA/. Areximbank-Gazprombank Group was announced a winner of German Commerzbank award for high performance in international transactions in 2010, Areximbank-Gazprombank Group said today in a press release. It said every year Commerzbank grants the award to its best partner banks worldwide recognizing their high performance in international transactions both in terms of quality and number.

The award ceremony was attended by Axel Bommersheim, Senior Relationship Manager at Commerzbank, Johann Engbrecht, Relationship Manager and Ruben Khachatrian and Zaven Shamian, deputy Directors General of Areximbank-Gazprombank Group
Areximbank-Gazprombank Group (formerly Areximbank) was established in 1998 to handle financial flows between Armenia and Russia. It is a principled member of VISA International and MasterCard International payment systems.

In 2007 it joined Armenian ArCa payment system. The bank is owned fully by Russian Gazprombank and has 6 branches in Yerevan and 9 in regions. In 2001 it handled $20 million worth remittances.

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-