Ameriabank introduces a flexible crediting tool - factoringNovember 4, 2010 - 17:03 AMT PanARMENIAN.Net - To stimulate small & medium business development in Armenia, Ameriabank has launched a new service – classical factoring. The service will be made available to companies which already signed a supply agreement, drew the invoice, yet will be able to pay the basic sum only within a short period. “We’re ready to assume the liabilities of a debtor for specific interest rate,” Ameriabank Corporate Banking Director Levon Arevshatyan told a news conference in Yerevan. Factoring will be available at the annual rate of 14% for up to 120days. The bank is ready to cover product supply and services for backbone enterprises in Armenia. Any decisions were postponed until the end of next month after French and Greek parliamentary elections on June 17. Armenian Prime Minister met with the head of International Fund for Agricultural Development Programs in Armenia. The market average rate of USD on May 23 totaled AMD 401,59 increasing by 0.52 point compared to May 22. Aram Kayfajyan: AMD 400 to 1 US dollar rate would have upped back in April were it not for monetary interventions. |