Global Finance recognizes Converse Bank as the "Best Trade Finance Provider in Armenia "

ArmInfo. According to the  authoritative international magazine Global Finance, Converse Bank  has been named the winner in the category "Best Bank in Armenia in  Trade Finance" for 2025 ("Best Trade Finance Provider 2025 in  Armenia"). As ArmInfo was informed by the bank's press service,  Converse Bank has received this award for  the sixth consecutive  year.  The award ceremony was held in Amsterdam, within the framework  of the "BAFT Europe Bank-2025" forum, where the  Bank was represented  by its Financial Director and Deputy General Director, Grant  Hakobyan.  Akopyan expressed gratitude for the high assessment of  Converse Bank's activities in  trade finance and noted:  "This not  only testifies to the success and efficiency of the Bank's work in  this area, but also stimulates innovative solutions and ongoing  developments, that will allow us to continue  maintaining leading  positions in trade finance."

 The list of global winners is led by BNP Paribas Bank (France).  Jean-Francois Denis, Global Head of Trade Solutions at BNP Paribas,  noted: "It is the core business of trade finance to propose solutions  to enterorise clients solutions to mitigate risks (for example,  counterparty risks, country risks), as well as to provide  optimization of the working capital needs."

 By country, the list of leaders includes such internationally  recognized financial institutions as Commerzbank AG (Germany),  Raiffeisen Bank International (Austria), Bank of America (USA), HSBC  (United Kingdom).  TBC Bank was once again recognized as the best  bank in Georgia in this nomination, and Halyk Bank in Kazakhstan. The  full list of the best trade finance providers (global, regional and  country) for 2025 is available on the Global Finance website at:  https://gfmag.com/award/award-winners/worlds-best-trade-finance-providers- 2025/. This year's rankings, covering eight regions and nearly 100 countries, are based on annual performance  from Q4 2023 to Q3 2024. Global Finance's algorithm includes criteria such as client knowledge, financial  strength and security, strategic relationships, capital investment and innovation.

During the forum, the World Bank's warning of weaker global economic  growth in 2025 was mentioned, along with the forecast: "Emerging and  developing economies are likely to be disproportionately impacted due  to their dependence on foreign direct investment and exposure to  energy and commodity supply risks." Guarantees, documentary credits  and short-term financing are fundamental to international trade, and  banks play a vital role in facilitating these trade finance  instruments. These instruments create  trust and mitigate risk during  tumultuous times. They allow businesses to build stronger  relationships with their trading partners, reduce risks and  facilitate more efficient and trustworthy international trade.