Ameriabank signs 80th trade finance deal covered by EBRD trade facilitation program
23.01.2015,
20:35
Ameriabank said today it has signed its 80th trade finance deal covered by the Trade Facilitation Program of the European Bank for Reconstruction and Development (EBRD).
YEREVAN, January 23. / ARKA /. Ameriabank said today it has signed its 80th trade finance deal covered by the Trade Facilitation Program of the European Bank for Reconstruction and Development (EBRD).
The cooperation between the bank and the EBRD commenced on September 30, 2010 and since then trade finance deals in the total amount of over 70 million USD have been signed, Ameriabank says in a press release.
Ameriabank highly appreciates the long-standing partnership with the EBRD, as one of the most reputable international organizations. This partnership has enabled the bank to finance many local companies, including small and medium businesses, in various sectors of Armenian economy with flexible, tailor-made terms.
The EBRD granted “confirming bank” status to Ameriabank in 2013, which availed Ameriabank with new capacities. More specifically, trade finance tools such as LCs and bank guarantees became more accessible for local exporters.
In May 2014 Ameriabank won the EBRD’s “TFP Deal of the Year” Award. It is noteworthy that this award is granted annually by the EBRD only to one bank from among its partner banks all over the EBRD’s countries of operations.
During their long-standing cooperation Ameriabank and the EBRD have co-financed several key projects fostering Armenian economy, in particular in the sectors of telecommunication, energy, agricultural, trade, manufacturing, etc.
Ameriabank CJSC is a universal bank providing investment, corporate and retail banking services in the form of a comprehensive package of banking solutions. This is the first investment bank in Armenia that has been providing a wide range of innovative banking services since 2007.
The bank’s assets surged by almost 27 percent in 2014 to 399.7 billion drams, liabilities grew by 29.3 percent to 357.4 billion drams, the bank’s capital upped by 9.43 percent to 42.3 billion drams, and its net profit grew by 18 percent to 7.1 billion drams.-0-
