Number of Ameriabank’s trade financing contracts currently in force doubles | ArmBanks.am

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Number of Ameriabank’s trade financing contracts currently in force doubles

19.08.2010 11:39

Number of Ameriabank’s trade financing contracts currently in force doubles

YEREVAN, August 18. /ARKA/. The number of Ameriabank’s trade financing contracts (secured by letters of credit and guarantees) currently in force has doubled and portfolio has grown 1.2 times since the beginning of this year, the bank’s press office reported on Wednesday.

The Ameriabank started developing its commercial and credit instruments in 2009.

International Finance Corporation has contributed a great deal to this process by providing commercial and loan guarantees of $10 million to Ameriabank.

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Tags: Ameriabank, Armenia, contracts, financing

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