Global Finance has named Ameriabank as the Safest Bank in Armenia for 2021 in its 30th annual ranking of the World’s Safest Banks, which honors institutions that stand out for strength and resilience.

“The past year demonstrates the resilience of the banking sector, which stood as a bulwark against collapse during the coronavirus pandemic, supplying critical emergency funding as well as, in many cases, emergency equipment and supplies,” said Joseph Giarraputo, publisher and editorial director of Global Finance. “The safest banks are paragons of stability, and continue to provide necessary support for governments and communities as they seek to recover from pandemic’s economic shocks.”

“We are honored to receive this reputable award amid these challenging times,” Artak Hanesyan, CEO of Ameriabank, said. “As the largest financial institution in Armenia, we felt utterly responsible during the pandemic, responding very quickly and supporting people, businesses and communities. Our strong capitalization, funding, and liquidity positions, combined with our ability to assess and manage risk during crisis times, helped us to not only withstand but to emerge stronger than before.”

Global Finance’s annual rankings of the World’s Safest Banks has been the recognized and trusted standard of financial counterparty safety for 30 years already. Winners are selected based on a proprietary methodology that incorporates long-term foreign currency debt ratings by Fitch, Moody’s and Standard & Poor’s.

Details on the award and the list of winners are available online.

Ameriabank is a dynamically developing bank and one of the major and most stable financial institutions in Armenia with clearly formulated digital agenda. Being the first investment bank in Armenia, Ameriabank provides a large package of innovative banking services. Now Ameriabank is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions.