Ardshinbank recognized as “Bank of the Year” in Armenia for the fifth time by The Banker magazine

ArmInfo. The Banker, a prestigious magazine belonging to the Financial Times Group that has been tracking financial sector developments in the world for nearly a century, annually evaluates banks’ performance by analyzing their financial results, innovative programs, strategic initiatives, and the quality of customer service.

For 2025, the title of Bank of the Year was awarded to Ardshinbank. This is already the fifth time the bank has received this award. It is a high recognition of the bank’s financial stability, asset quality, progress in digitalization, innovation, and ability to operate effectively in a changing economic environment.

In her congratulatory message, Sylvia Pavoni, Editor-in-Chief of The Banker, highlighted:

The transaction is subject to regulatory and anti-trust approvals and is expected to close within the next 12 months.

“Ardshinbank combines impressive financial performance with modern solutions. The successful integration of HSBC Armenia has significantly expanded the bank’s scale and strengthened its market position, while new digital offerings — including the online lending platform — have markedly improved the customer experience.”

Artak Ananyan, Chairman of the Management Board of Ardshinbank, stated:

“The recognition from The Banker is both an obligation and a major achievement, as well as a powerful incentive to continue implementing our strategic goals. This is the result of the dedication and united efforts of our entire team, and we will continue to offer the most innovative and convenient financial solutions to our customers.”

It should be noted that this prestigious award is already the seventh accolade Ardshinbank has won this year. The bank has been named the winner in the categories “Best Bank”, twice as “Best Private Bank”, “Best Corporate Bank”, “Best Corporate Social Responsibility Bank”, and “Best Retail Bank” according to Global Finance and Global Banking & Finance Review magazines.

About Ardshinbank

Ardshinbank is Armenia’s leading bank. It provides a wide range of universal banking services, offering solutions in retail, corporate, investment, as well as private banking and asset management. Ardshinbank serves around 570,000 clients with the support of more than 2,300 employees. The Bank operates a powerful multi-channel service and sales platform, including 72 branches, along with comprehensive mobile and online banking systems.

Ardshinbank has the largest branch network in the country, as well as a representative office in Paris. It is the only Armenian company rated by all three of the world’s leading rating agencies: Standard & Poor's (BB- (Stable)), Moody’s (Ba3 (Stable)), and Fitch (BB- (Stable)). Ardshinbank’s rating is equal to that of the Republic of Armenia itself, which represents the highest possible assessment for a private institution in the country.

About The Banker Magazine

The Banker is part of the Financial Times Group and has been published since 1926. The magazine provides reliable economic and financial information to the global financial community, covering more than 5,000 banks worldwide, which enables the comparison of the financial strength and reliability of banks across different countries.