Thursday, April 14 2011 19:53

Ameriabank to double trade funding portfolio in 2011


ArmInfo. Ameriabank is going to double the trade funding portfolio in 2011, Director of Corporative Banking of Ameriabank, Gagik Sahakyan, told ArmInfo correspondent. He also added that the tools of the trade funding allow borrowers to avoid possible risks and replace expensive credits by more available banking guarantees.

Director General - Chairman of Directorate of the Bank, Artak Hanesyan, added that at present the volume of the trade funding of Ameriabank amounted to $20 mln.

To note, today the Asian Development Bank (ADB) signed today agreement on trade funding with six Armenian banks: Ameriabank, Anelik Bank, Ardshininvest Bank, Hayeconombank, Converse Bank. The ADB will provide guarantees for promoting international trade.
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