Ameriabank’s firsth-quarter factoring transactions advance 3 times
20.04.2012,
14:08
Ameriabank said the total volume of its factoring transactions advanced three times or by 63.7% in the first quarter of 2012 from the same period a year earlier.
YEREVAN, April 20. /ARKA/. Ameriabank said the total volume of its factoring transactions advanced three times or by 63.7% in the first quarter of 2012 fr om the same period a year earlier.
The volume of factoring transactions without recourse is reported to face high-rated growth thus increasing by 19 times from the first quarter of 2011.
What refers to factoring transactions Ameriabank cooperates with all retail trade networks, large industrial enterprises and organizations offering public services.
According to the press service, rise in factoring transactions and the number of new organizations proves the fact that demand for factoring at financial market grows, and the companies consider factoring as the fastest and the most efficient financial instrument enabling accumulation of working capital in terms of deferred payment.
“It becomes obvious, that factoring market in Armenia has a quite strong potential for expanding. Ameriabank will continue its activity related to factoring transactions either at the domestic or the international markets,” the press release says.
The Ameriabank CJSC is a unique corporate bank providing investment, corporate and lim ited retail banking services in a package. Ruben Vardanyan is the chairman of the bank’s directorial board and Artak Hanesyan is the director general. —0—
