U.S. Ambassador to Armenia addresses parties to Karabakh conflict in Armenian

Economist: Vorotan Cascade of HPPs must remain under state management

NKR Defense Army Commander: Baku blackmailing OSCE Minsk Group

Investigation Committee: Karen Petrosyan might be abducted from Armenia's territory

Manvel Grigoryan: In case of war in Artsakh, the boys of oligarchs and statesmen will also be fighting

No single Iraqi Yazidi has so far applied to Armenia for refuge

VTB Bank (Armenia) prolongs working time at some of its branches

Beeline grants its customers 1,000 intra-network minutes or 1,000MW Internet traffic on their birthdays

Paruyr Hayrikian to embark on hunger strike on 8 September

Aziz Tamoyan: Yazidis are killed on the same scenario as Armenians in 1915

Hovik Abrahamyan: I cannot wave a magic wand to bring everyone out of the shadow

Nikol Pashinyan urges Parliament to provide privileges to residents of near border Armenian communities

Roman Pope to serve liturgy timed to Armenian Genocide centennial

Washington refuses to sell Cougar military vehicles to Baku

Vagharshak Haroutiunyan: Azerbaijani Armed Forces have no means to reflect Armenian missiles

USA calls on Government of Azerbaijan to conduct full and transparent investigation into death of Armenian man in Azeri captivity

Ardshininvestbank plans to buy shares of Artsakh Investment Fund

Armenian authorities share the indignation of Yazidis living in Armenia concerning the ongoing tragic events in Iraq

Gary D. Robbins: "As a co-chair of the OSCE Minsk Group, the United States remains committed to helping all sides reach a lasting settlement to the Nagorno-Karabakh conflict"

Head of Armenia's Diplomatic Mission to OSCE slams Azerbaijan for provocations

Tom de Waal: Russia is fueling conflict in order to manage the situation

Ali Husseinly: Russia's activity at current stage of Karabakh conflict is for a reason

Court does not change measure of restraint against Levon Hayrapetyan

Alexander Sotnichenko: United States will not launch large-scale intervention to stop extermination of national minorities in Iraq

Stepan Safaryan on aid to Iraqi Yezidis: Inactivity of Armenian diplomacy no longer surprises public


Zardusht Alizadeh: Arriving in Sochi, Aliyev and Sargsyan once again demonstrated the world that Russia is still the demiurge in the Caucasus

Masis Mailyan: Unlike Azerbaijan, global centers of force are not interested in growing tensions in Nagorno-Karabakh conflict zone

Sergey Grinyayev:The West’s sanctions are extremely positive for the Eurasian Union project

Alexey Kolomiyets: West's sanction will hardly sober Putin and the Kremlin

Hrant Bagratyan: Sanctions will have tangible impact on Armenia

Georgi Kolarov: The second Nagorno-Karabakh war is inevitable

Artashes Shaboyan: Reduction in consumer demand has a negative effect on supermarkets

Tigran Davtyan: If you have a telephone with you, it means that you have a wallet with you too

Shmuel Meirom: Israel is willing to contribute of its experience in the field of economy, but it cannot force Israeli business to invest in Armenia

Marine Karapetyan: Ameriabank on large business: problems and solutions

Eduard Sharmazanov: The opposition camp has no leader to steer the people

Alexander Zinker: Readiness of the Kremlin to protect its “Big Russian world” is dangerous for Russia itself

Vahe Davtyan: lternative power engineering should be developed regardless of fluctuations in electric power tariffs

Alexander Krylov: Taking into consideration the experience of the EU, Russia has to refuse maximal extension of the Eurasian Economic Union

Rasim Musabekov: Not only global but also the regional geo-political balance is changing

Zardusht Alizade: Apart, Armenia and Azerbaijan will always remain non-democratic fascist states

Ameriabank retains its leadership position in the trade finance market in terms of factoring deals

  • by Erik Abrahamyan

  • Monday, May 5, 18:14

 Ameriabank has retained its leadership position in the trade finance market in terms of factoring deals, according to the results of Q1 2014. The bank's factoring deals on trade finance sustainable grew for Q1 2014. Ameriabank press-service told ArmInfo, receivables assigned to Ameriabank for the period under review totaled 4.6 bln drams with around threefold growth versus Q1 2013. 

According to the source, Ameriabank joined the Factors Chain International (FCI) in January 2013, which enables the bank to expand its international factoring services through partnerships in over 80 countries and introduction into new markets.  Partnership with the FCI gave Ameriabank an opportunity to tangibly increase international factoring operations by almost 9-fold. As of 31 March 2014, 61% of the bank's factoring deals were in the international market, the remaining 39% - in the local market. According to the bank, the international factoring deals were connected with export of native products to the international markets. Actually, the bank boosts export growth in the country.  

According to data of Factors Chain International, in 2013 factoring deals in the world market grew 10% (versus 8% growth in 2012) exceeding $3 trillion (versus $2.8 trillion in 2012). This is an unprecedented growth in the history of FCI, which testifies to the growing demand of companies in factoring as the fastest and most efficient tool of financing that allows replenishing circulating assets under postponement of credit period.  Ameriabank provides factoring services on quite flexible terms and continues to offer its customers non-standard and personalized services.  Ameriabank will continue expanding international factoring and providing relevant services to all the export-oriented companies engaged in the field of metallurgy, machine building, food industry, production of electrical equipment.  Ameriabank CJSC is a universal bank providing a full range of investment, corporate and retail banking services. Ameria Group (CY) Limited is the sole owner of the bank. 

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