Ameriabank has been named the Bank of the Year 2024 in Armenia by The Banker Magazine, a leading financial publication affiliated with the Financial Times (FT). Winners of the Bank of the Year Awards were announced at the 2024 Banker Awards ceremony held in London on December 4. The prestigious award covers 127 countries and recognizes excellence of financial institutions that have grown while retaining a solid balance sheet, improved the quality of their service, invested in technology and considered their role within their local communities.

Beyond their operational and financial achievements, the award-winners have been acknowledged for addressing environmental and social concerns, both internally and in their interactions with clients, underscoring the importance of a meaningful sustainability strategy for the success of each lender in every country. 

In its selection, The Banker’s panel of international judges suggests the year 2024 has been a pivotal for Ameriabank, as it joined The Bank of Georgia Group PLC, while still maintaining its market presence as a standalone entity and brand. As the publication stresses, the transaction offers significant strategic benefits for Ameriabank, including improved access to the international financial markets through BoGG — a UK registered financial firm listed on the London Stock Exchange. According to the source, being part of BoGG will allow Ameriabank to raise capital more easily, enabling it to invest in improving its products, services and technology. The arrangement is also expected to give a significant boost to the wider Armenian financial system and economy as well as opening new prospects for regional projects and business development.

Artak Hanesyan, CEO at Ameriabank, has commented on this achievement with the publication: “Our focus remains on enhancing our customers’ digital experience, ensuring we stay responsive, agile and aligned with evolving market needs. Ameriabank will continue investing in digital products and services, expanding beyond financial offerings. We are actively building ecosystem solutions to serve our customers, wherever they are, and address their financial and non-financial needs across daily interactions and lifetime goals.”
Ameriabank is honored with the Bank of the Year award for the ninth time since 2010.

This latest recognition marks the third major accolade for Ameriabank in 2024, following the Awards for Excellence as the Best Bank of Armenia by Euromoney and the Best Bank in Armenia for 2024 by Global Finance Magazine—the most prestigious awards in the global banking industry, all received within a single year.