The European Bank for Reconstruction and Development (EBRD) has recognized Ararat Bank OJSC as the most active issuing bank in 2010 in Armenia within the framework of the Trade Facilitation Program.

Executive Director of Ararat Bank Ashot Osipyan received TFP Award 2010 during Astana-hosted annual meeting of EBRD, the bank press service reported.

As part of TFP, the bank issued documentary instruments at the total amount of USD 4mln in 2010 that is 5 times higher compared to the previous index.