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Bank VTB (Armenia) launches factoring services for South Caucasus Railway customers

26.03.2014 13:40

Bank VTB (Armenia) launches factoring services for South Caucasus Railway customers

YEREVAN, March 26. /ARKA/. Bank VTB (Armenia) started financing as part of factoring services agreement with the South Caucasus Railway, the bank’s press office reported.

Based on demand analysis the bank has developed a special factoring product for its strategic partner, the South Caucasus Railway cjsc, to ease freight transportation services through the Railway. The new product gives local companies an opportunity to use the rail services under better terms, i.e. to pay for services over an extended period of time.

Bank VTB (Armenia) was the leader in Armenian factoring market in 2013 and continues expanding the range of its factoring services.

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