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Citibank lends $4 million to Ameriabank for financing trade

20.07.2011 21:27

Citibank lends $4 million to Ameriabank for financing trade

YEREVAN, July 20. /ARKA/. Citibank, one of the world largest financial and credit organizations, has lent $4 million to Ameriabank for financing trade, Ameriabank’s press office reported on Wednesday.

In recent days, Ameriabank signed agreement CARTA (Continuing Agreement for Reimbursement of Trade Advances) with the Citibank on this loan.

This is the first loan the Citibank extends to Armenian bank grounding on its financial stability, the press release says.

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