  Ameriabank joins Factors Chain International February 26, 2013 - 11:54 AMT PanARMENIAN.Net - In January 2013, Ameriabank CJSC joined the Factors Chain International, a global network of factoring companies. “The membership will enable the bank to enhance its capacity of providing international factoring services, enabling its clients to expand their businesses by establishing partner relations with 80 countries of the world and new markets,” the bank’s press service reported. Ameriabank CJSC occupies leading positions in Armenian banking sector, with the number of factoring transactions growing by 47% to amount to AMD 7 bln, the bank’s press service reported. 91% of 2012 factoring transactions are conducted in the domestic market, with the rest of 9% - international market. According to the bank’s factoring division specialist Angela Khachatryan, 29% of the factoring transactions related to the import industry, 24% - wholesale, 15%- manufacturing industry, 14% - construction, with the rest of the deals relating to the electricity production and service sectors. Partner news  Top stories Tigran Sargsyan noted that the new plant will be constructed after the current one is finally out of operation. IFC invested $244 million in 40 projects across a range of sectors, including financial markets, manufacturing, and mining. Armenian Prime Minister addressed a letter to Public Services Regulatory Commission over the reconsideration of gas prices. Armenia’s Public Services Regulatory Commission plans to reconsider electricity generation and distribution prices.   Partner news |  Latest news Russian expert rules out Karabakh war renewal by Armenia  Alexander Krylov: the possibility of the renewal of Karabakh war should not be exaggerated in the face of the balance of power.German scientists ready to include Armenian petroglyphs in UNESCO list The scientists conducted a survey of ancient rock art, with a database of Armenian petroglyphs to be later developed.OSCE Minsk Group Co-Chairs won’t visit Artsakh French Co-Chair of the OSCE Minsk Group Jacques Faure said the co-chairs are not planning a visit to Nagorno Karabakh.Penguin reaches $75mln agreement in iBooks price fixing lawsuit In a press release, Penguin's parent company, Pearson, noted it had made a $40 million provision for settlement in its 2012 accounts. |
