Friday, July 1 2011 19:07

In Jan-June 2011 Ameriabank increased the amount of its factoring transactions by 47%


ArmInfo. In Jan-June 2011 Ameriabank increased the amount of its factoring transactions by 47%.

The press service of the bank reports that the amount of factoring agreements grew by 32% in Jan-June 2011 and by 47% in Q2 2011 alone.

In Nov 2010 Ameriabank started providing nonrecourse financing services.

This year the amount of nonrecourse financing transactions has been quickly growing: 34% of the total portfolio June 2011 against just 6% in Jan 2011. In Q2 2011 this index grew by 11 times.

Ameriabank provides tailor-made factoring services to all big wholesale networks and manufacturing and service companies.
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