Ameriabank, Citibank and Asian Development Bank Expand Cooperation in Trade Finance

Armenia


Ameriabank and Citibank signed a new trade finance deal, Ameriabank raising about $14 million loan from Citibank. Part of the loan has been extended under the existing credit limit opened by Citibank for Ameriabank, while the rest is secured by guarantee of the Asian Development Bank. Ameriabank has the status of issuing and confirming bank under the Asian Development Bank’s Trade Finance Program.

The new facility will secure better and more competitive terms for Ameriabank’s clients engaged in foreign trade.

Citibank and Ameriabank have been cooperating for several years during which the number and volume of deals have been continuously growing, which is the best proof of mutual trust and efficiency.

Ameriabank has an average $100 million pool of borrowed funds a year for trade finance purposes, and this deal is another successful one in the scope of trade finance.

***

About Ameriabank CJSC

Ameriabank is a dynamically developing bank and one of the major and most stable financial institutions   in Armenia. The first investment bank in Armenia, Ameriabank has been providing a large package of innovative banking services since 2007. Now Ameriabank CJSC is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. Ameriabank is the leading bank in Armenia as measured by all key financial indicators (assets, liabilities, loans portfolio, net profit and equity) according to the 2018 year reportable data.
For further information, please visit www.ameriabank.am .



Source link

Products You May Like

Articles You May Like

U.S. rapper A$AP Rocky to remain in Swedish custody, Trump plans to…
Prosecutors drop sex assault case against actor Kevin Spacey
HBO, 'Game of Thrones' lead nominations for TV's Emmy awards
'Wonderful Life' stage adaptation gets a little help from Paul…
Box office: 'The Lion King' rules with $185 million debut

Leave a Reply

Your email address will not be published. Required fields are marked *