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 | Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for children Civil disobedience campaigns continue in Yerevan People demanding Prime Minister Nikol Pashinyan’s resignation again blocked streets in Yerevan on May 15. Court in Azerbaijan extends former Karabakh leader’s arrest by 5 months The Binagadi District Court in Azerbaijan has granted the prosecutor’s petition to extend the arrest of Arkady Ghukasyan. Ucom General Director joins High-Tech Development Panel Discussion The discussion was titled "The Role of International Corporations and Investors as Catalysts for Development of High-Tech Ecosystem." |