Tuesday, April 30 2013 20:28
Ameriabank increases factoring operations by 36%
ArmInfo. In 2012 Ameriabank's factoring operations amounted to 7 bln AMD (3.7 times as much as in 2011). The press service of Ameriabank told ArmInfo that in Q1 2013 this index grew by 36% as compared with Q1 2012.
According to the Factors Chain International (FCI), in 2012 factoring operations in the world market grew by 8% to $2.8 trillion. The FCI membership (since January 2013) gives Ameriabank an opportunity to expand the services of international factoring by means of establishing partnership in more than 80 countries and entering new markets.
The source says that the growth in the factoring operations and in the number of companies making use of factoring services demonstrates the rising demand for that service in the financial market. The customer organizations view factoring services as the fastest and most efficient financing facility that allows replenishing the floating assets in conditions of payment delay.
The source also reports that Ameriabank will continue exerting active efforts to expand international factoring, offering individual and non-standard services to the customers. All export-oriented companies, including those engaged in metallurgy, machine building, food industry, production of electric appliances, can make use of the international factoring services provided by the Bank.
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