Ameriabank holds workshop for business people and staff on trade financing tools
05.06.2013,
21:02
Armenia-based Ameriabank said today it had organized a workshop for the staff of its trade financing department and local manufacturers and business people dealing with import and export of various goods on the topic "Trade financing tools and international factoring.”
YEREVAN, June 5. / ARKA /. Armenia-based Ameriabank said today it had organized a workshop for the staff of its trade financing department and local manufacturers and business people dealing with import and export of various goods on the topic "Trade financing tools and international factoring.”
It said the workshop was designed to present the available opportunities for international factoring, including those stemming from Ameriabank’s membership in Factors Chain International (FCI) factoring union, as well as the opportunities and benefits of trade financing tools offered by the bank.
At the invitation of Ameriabank the workshop was conducted by an experienced consultant from the European Bank for Reconstruction and Development (EBRD) Igor Rusin, who had visited 42 banks in nine countries in 2010-2012 embraced by EBRD's Trade Financing program.
Bank’s employees and Igor Russian presented at the seminar payment instruments used in international trade, in particular, letters of credit, guarantees, standby letters of credit and their benefits, as well as
the advantages of using factoring in international trade.
Ameriabank, as a member of FCI, offers local companies and companies specialized in international trade factoring financing services, risk insurance and management of accounts receivable. As the first Armenian bank awarded by EBRD the status of confirming bank Ameriabank may help exporting companies as part of EBRD’s trade financing program.
Ameriabank is a universal bank providing investment, corporate and retail banking services in the form of a comprehensive package of banking solutions. -0-
