Armenia to host 33rd EBRD Business Forum with flagship sponsorship of Ardshinbank

ArmInfo.Yerevan is set to welcome the 33rd annual meeting and business forum of the European Bank for Reconstruction and Development (EBRD), with Ardshinbank taking the lead as flagship sponsor. The event, a significant fixture among financial institutions, will convene high-ranking delegations from 74 countries, prominent financial and banking experts, and thought leaders of the Armenian banking sector. Scheduled for May 14-16, the forum aims to foster positive impacts and enhance financial markets for the public good.

"Our decade-long cooperation with EBRD holds strategic significance for our country. Thanks to this cooperation, we were able to contribute to the sustainable economic development of Armenia. Assuming the role of flagship sponsor for the EBRD annual meeting is both a great honor and a responsibility for us. We believe that the business forum and meetings will spark the inception of new ideas, projects, and opportunities," stated Artak Ananyan, Chairman of the Management Board of Ardshinbank.

EBRD annual meeting stands as one of the pivotal events in the global financial and economic landscape. Hosted in Armenia for the second time, this gathering encompasses a diverse array of private business meetings. At this year's event, Ardshinbank organized a discussion on economic and trade sanctions, the issues they raise, and potential solutions. Lusine Nersisyan, Member of the Management Board and Director of Risk Management at Ardshinbank, will lead the panel discussion.

Ardshinbank is the leading Bank in Armenia with a diversified universal banking offering including retail and commercial banking, investment banking, and private & wealth solutions.The Bank has over 380,000 customers served by 1,700+ employees, a strong omnichannel distribution platform with 65 branches, supported by a comprehensive mobile and online banking platform. The bank possesses the largest branch network in the country and maintains a representative office in Paris, France.

Ardshinbank is the only private entity in Armenia with assigned ratings from three international rating agencies, all at the level of the sovereign, as follows: S&P Global Ratings (BB- (Stable)), Moody’s (Ba3 (Stable)) and Fitch (BB- (Stable)). The bank is also the only non-sovereign entity from Armenia which has issued RegS /144A public Eurobonds in international capital markets.

Established in 1991, the European Bank for Reconstruction and Development (EBRD) boasts 39 member countries spanning from Central Europe to Central Asia. The bank's overarching mission is to foster the development of private sectors in post-Soviet countries. Armenia joined the EBRD as a member on December 7, 1992, contributing €10 million to the bank's capital. Key areas of collaboration between Armenia and the EBRD encompass energy, transportation, and the financial sector.