Wednesday, January 30 2013 15:18

"Ardshininvestbank" CJSC provides trade finance of Mazda and Suzuki cars' import to Armenia


ArmInfo. "Ardshininvestbank" CJSC continuously and actively finances the international trade contracts of its clients, using documentary and guarantee operations, the bank's press-service reports.

In order to execute the Bank's customer "Top Motors" LLC transactions, "Ardshininvestbank" CJSC periodically issues documentary letters of credit in favor of Japanese Mazda Corporation, which enables Mazda cars' importations to Armenia since Januray, 2013. The letters of credit issued by "Ardshininvestbank" CJSC are confirmed by primary foreign banks which allows Armenian importer to defer the payments under the contract on favorable terms.

In order to execute the Bank's customer "Royal Motors" LLC transactions as well, "Ardshininvestbank" CJSC has also guaranteed the regular importation of Japanese Suzuki car's newest models to Armenia.

"Ardshininvestbank" CJSC considers its customers' trade finance transactions to have a significant potential and, based on each individual deal's structure, offers optimal financial schemes, that allow importers to import goods with deferred payment without diverting their own working capital.

"Top Motors" LLC is the official representative of Japanese Mazda Corporation, and "Royal Motors" LLC is the official representative of Japanese Suzuki Corporation in Armenia. The companies activities include car import and sale, and the companies' high- qualified specialists provide Mazda and Suzuki cars with qualified technical service, which is available at specialized service center in Yerevan, Davitashen, 4 district, 26/1 (neighbouring to the car salon).

Ranking of Armenian Banks prepared by the Agency of Rating Marketing Information (ArmInfo) says total capital of Ardshininvestbank amounted 36.4 bln drams on Jan 1 2013 with 15.6% growth versus the same period of 2012. The statutory capital totaled 15.5 bln drams (left unchanged), assets - 204.5 bln drams (3rd position) with 27,5% annual growth. The share of the loan portfolio in assets exceeded 66% totaling 135.6 bln drams (3rd position) with 45.5% annual growth. The share of the loans to economy sectors made up 64.5% of total or 87.4 bln drams (4th position), with a 40% growth. Ardshininvestbank ensured 4.8 bln drams in 2012 (4th position), with over twofold growth.
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