Austria’s Raiffeisen Bank International has recognized Araratbank OJSC the first bank in Armenia to ensure high-quality money transfers by SWIFT system.

The Austrian bank’s representatives confirmed the award on Araratbank's head of international operations department during a lecture-seminar in Yerevan.

“The assessment proves the compliance of Araratbank money transfer system with STP international standards, as well as clients’ access to it in shortest terms,” the bank’s press service reported.