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. 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 | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |