YEREVAN, March 21. / ARKA /. Bank VTB (Armenia) and the South Caucasus Railways that runs Armenia’s railroads, have signed a factoring cooperation agreement. According to a Bank VTB (Armenia) press release, the new factoring product, developed after a through analysis of the railway’s needs is unique with no analogues in the country.

According to the press release, factoring limits will be opened for the railway’s clients to finance not only their transportation expenses, but also other concomitant services of the South Caucasus Railways, like forwarding, which is a new service for customers.

The essence of this new adapted product is that the South Caucasus Railways gets the opportunity to offer its services to local companies at more profitable terms with payment delay and a flexible discount system.

Categories: Banks @en, General news, News | Comments Off on Bank VTB (Armenia) and South Caucasus railways sign factoring cooperation agreement

Tags: Armenia, BANK VTB, SOUTH CAUCASUS RAILWAYS

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