HERE AND BEYOND
Ameriabank continues to expand factoring operations
Media Room

Ameriabank continues active involvement in factoring market. During the 11 months of this year the total value of the bank’s factoring operations grew to reach AMD 1.4 billion demonstrating a 65% increase Y-o-Y

For over a year now Ameriabank has been offering classic factoring along with traditional factoring services. Under the classic factoring scheme the bank buys out the receivables due from the companies on the list published by the bank, at a discount. During the 11 months of this year the volume of classic factoring operations grew to surpass AMD 400 million or 21% of the bank’s total factoring portfolio. As of November 30, 2011 non-recourse factoring operations amounted to AMD 200 million or over 11% of total factoring portfolio.

Estimated final portfolio as of the end of the year 2011 will amount to about AMD 2 billion demonstrating an 80% increase Y-o-Y.

In 2012 Ameriabank will remain committed to its expansive strategy and launch new factoring facilities at the same time expanding the list of eligible industries and developing international factoring deals. 

Updated 09.01.2012, 9:43
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