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.
