Tuesday, March 23 2010 16:19

Ameriabank to allocate to $2 million for Purchase Order Financing programme


ArmInfo. Ameriabank starts financing on the basis of applications for acquisition - Purchase Order Financing, envisaged for SME, within the frames of USAID programme on stabilization financial system (FS Share). As Ameriabank's press service told ArmInfo, the bank will allocate to $2 mln for the programme implementation.

According to the source, the programme aims at assistance in increasing the volumes of SME sales and income, as well as creation of new jobs through the floating capital funding. Financing is envisaged for enterprises in such spheres as trade, food industry, agriculture, tourism, IT and energy, where financing of floating assets has been insured by the approved purchase application or purchase-and-sale agreement. According to the message, purchase of a raw material for fulfillment of the agreement signed, resale of the goods to be purchased, packaging and other expenses will be financed within the frames of the programme.

TDA Holdings Limited Company, affiliated with Troika Dialogue with 99,99% participating interest, is a majority shareholder of Ameriabank.
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