HERE AND BEYOND

Ameriabank is leader by growth of factoring operations

 

 

Media Room

Ameriabank is actively promoting its factoring operations. During the 1st six months of the current year the volume of the bank’s factoring operations grew 2.7-fold in comparison with annual indicators of 2011, to surpass all other banks in Armenia.


As per the results of the first half-year of 2012, total receivables ceded to the bank under factoring schemes grew 4-fold Y-o-Y. The portfolio of non-recourse factoring is growing at a high rate, too, with 72% of all operations being recourse factoring, and 28% – non-recourse factoring operations.


Ameriabank cooperates with all wholesalers, major industrial players and service providers in Armenia. Based on its clients’ needs, the bank constantly develops and applies customized transaction schemes and flexible rates.


In the second half of 2012 Ameriabank will continue active operations on local factoring market as well as increase its transactions on international markets.

Updated 24.08.2012, 17:24
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