HERE AND BEYOND
First in Armenia Ameriabank presents an unprecedented deal with Citibank
Media Room

Ameriabank continues active cooperation with international financial institutions to enhance the scope of foreign trade finance.


A time ago Ameriabank and US-based Citibank signed CARTA (CONTINUING AGREEMENT FOR REIMBURSEMENT OF TRADE ADVANCES) agreement under which Ameriabank was issued a 4 million US dollars credit limit to prop up trade finance. First ever in Armenia, Ameriabank has received funds from Citibank secured only by financial stability and reliability of the bank.


The newly borrowed funds will enable Ameriabank’s clients to benefit from competitive interest rates and boost trade finance transactions.


Ameriabank’s cooperation with Citibank covers a number of agreements over lines of credit aimed at daily cash flow management and trade finance. 

Updated 22.07.2011, 18:06
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