Friday, April 20 2012 17:25

Armenia's factoring market has big growth potential


ArmInfo. Armenia's factoring market has a big growth potential.

The press service of Ameriabank reports that in Q1 2012 the amount of the bank's factoring agreements tripled while the amount of factoring transactions grew by 63%. During the same period the amount of non- recourse factoring transactions grew by 19 times.

The source says that the growth in the amount of factoring transactions and the number of companies using factoring prove that the demand for this service is growing. Factoring is the best and quickest instrument for a company to increase its circulating funds during a grace period.

Ameriabank provides factoring services to all of Armenia's retail trade networks and to big manufacturing and public service companies and tailors them to the needs of its customers.

The majority shareholder of Ameriabank is TDA Holdings Limited, a company affiliated to Troika Dialog and holding 99.99% of the bank's shares.
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