Ameriabank expanding volumes of factoring transactions in Armenia’s financial market
22.08.2012,
20:38
Ameriabank is aggressively expanding volumes of factoring transactions in Armenia’s financial market, according to a bank’s press release. According to it, in the first half of this year the volume of factoring transactions increased by 2.7 times from a year before, the highest rise among other banks.
YEREVAN, August 22. /ARKA/. Ameriabank is aggressively expanding volumes of factoring transactions in Armenia’s financial market, according to a bank’s press release. According to it, in the first half of this year the volume of factoring transactions increased by 2.7 times from a year before, the highest rise among other banks.
The total volume of monetary claims ceded to the bank through factoring in the first half of 2012 is four times higher than in 2011.
The amount of transactions in non-recourse factoring is also continuing to grow rapidly. In the first half of this year 72% of factoring transactions were recourse factoring transactions and 28% non-recourse transactions.
Ameriabank offers factoring services to all companies engaged in wholesale trade and large industrial companies delivering public services, and based on the characteristics of its customers, has developed and introduced personalized deal schemes.
"In the second half Ameriabank continues offering factoring transactions, along with expanding and developing international factoring transactions," the press release says.
Ameriabank is a universal bank providing investment, corporate and retail banking services. -0-
