Thu, 18 September
26.1 C
Yerevan
USD: 382.59 RUB: 4.62 EUR: 452.83 GEL: 140.01 GBP: 522.58

Inecobank named ‘Best Trade Partner Bank 2015’ by International Finance Corporation

YEREVAN, March 31. /ARKA/. Inecobank CJSC was named “Best Trade Partner Bank” in 2015 at IFC’s 7th Global Trade Partners Meeting that took place in Milan, Italy, in February 2016, the bank said today in a press release. The Best Trade Partner Bank WCSS Award recognizes Inecobank’s major contribution to IFC’s trade finance programs in Armenia.

“We highly value the long-standing cooperation between IFC and Inecobank. A number of projects were implemented within the framework of IFC’s «Global Trade Finance» program. In particular, Inecobank provided its customers credit facilities with most favorable terms for the purpose of international trade finance, hence positively contributing to the development of Armenia’s economy”, said Inecobank CEO  T. Ganjalyan.

Inecobank’s cooperation with IFC dates back to more than 10 years. Inecobank offers its clients loans, confirmed letters of credit and bank guarantees within the framework of “IFC GTFP” and «IFC WCSS» programs for financing SME clients’ trade business. Letters of credit and guarantees are an affordable and convenient means of international trade, and are provided for import or export of goods, provision of prepayment and fulfillment of trade arrangements.

Inecobank has an effective and full range of tools in the sphere of trade financing services and actively cooperates with IFC, the European Bank for Reconstruction and Development and other financial organizations. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img