Ameriabank to finance trade applicationsNovember 4, 2010 - 16:57 AMT PanARMENIAN.Net - On November 4, Ameriabank CJSC will introduce a new instrument at Armenia’s lending market – financing of trade application. According to Director for Corporative Clients of Ameriabank Levon Arevshatyan, a loan agreement envisages a certain pledge, which serves as bank’s guarantee for the return of funds provided to a client. “However, there are such schemes of lending, which do not require a pledge,” Arevshatyan told a press conference. “They include financing of a trade application, when a company has already signed an agreement on delivery, but it lacks the required funds and pledge for obtaining a loan.” Levon Arevshatyan added that in such case the bank is ready to finance up to 75% of the needed sum, if two basic requirements are met: the supplier company has a good history, besides, financial opportunities and creditworthiness of the company, which decided to use the new mechanism, will be estimated. The trade application’s financing may total up to USD 200,000, with maximum term of 180 days, at 16% interest rate. Head of the Consulting Service of Ameria CJSC Gagik Sahakyan said that as part of the development strategy the bank introduces innovative banking services in Armenia, thus securing availability of international banking services for Armenian consumers. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |