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EBRD and Ameriabank have signed an agreement on Trade Facilitation Programme
28.05.2010
ArmInfo. The EBRD Annual General Meeting 2010 was held in Zagreb on
May 15 this year attracting over 2000 attendees, including bankers,
donors and commercial sponsors.
The press service of Ameriabank told ArmInfo that one of the
highlights of AGM proved to be the EBRD's Trade Facilitation Programme
award ceremony for the most active Issuing and Confirming banks during
2009.
During the ceremony Ameriabank signed an issuing bank agreement, thus
becoming a member of the Trade Facilitation Programme network. The
agreement will allow Ameriabank to expand and promote financing of
international trade transactions of its clients. Under the facility,
the EBRD will guarantee trade finance instruments issued by Ameriabank
on behalf of its Armenian clients in favour of international
commercial banks, effectively mitigating risks for the Confirming
banks.
Ameriabank has thus become the tenth bank in Armenia to participate in
the EBRD's TFP. Overall there are currently 121 Issuing banks in 20
countries of operations of EBRD and over 750 Confirming banks
worldwide which represent the TFP network on the intraregional and
international level.
Ameriabank is one of the most dynamic banks in Armenia and ranked
among the country's most stable financial institutions. It is one of
the first investment banks in Armenia, and since 2007 has been
providing an extensive list of innovative banking products and
services specifically tailored to meet its customers' needs.
According to the Ranking of Commercial Banks of Armenia by the Agency
of Rating Marketing Information (ArmInfo), as of 1 April 2010, the
assets of Ameriabank amounted to 110.5 bln AMD (5th position), with
the annual growth being 36,6%. In the structure of assets credit
portfolio made up 61,3%, or 67.7 bln AMD (5th position), with the
annual growth being 87,1%. In the credit portfolio the lion's share
fell on industry crediting - 30,1% or 20.4 bln AMD (2nd position) and
trade crediting - 21,1% or 14.3 bln AMD (4th position).
The EBRD, owned by 61 countries and two intergovernmental
institutions, is supporting the development of market economies and
democracies in countries from central Europe to central Asia.
From: A. Papazian
28.05.2010
ArmInfo. The EBRD Annual General Meeting 2010 was held in Zagreb on
May 15 this year attracting over 2000 attendees, including bankers,
donors and commercial sponsors.
The press service of Ameriabank told ArmInfo that one of the
highlights of AGM proved to be the EBRD's Trade Facilitation Programme
award ceremony for the most active Issuing and Confirming banks during
2009.
During the ceremony Ameriabank signed an issuing bank agreement, thus
becoming a member of the Trade Facilitation Programme network. The
agreement will allow Ameriabank to expand and promote financing of
international trade transactions of its clients. Under the facility,
the EBRD will guarantee trade finance instruments issued by Ameriabank
on behalf of its Armenian clients in favour of international
commercial banks, effectively mitigating risks for the Confirming
banks.
Ameriabank has thus become the tenth bank in Armenia to participate in
the EBRD's TFP. Overall there are currently 121 Issuing banks in 20
countries of operations of EBRD and over 750 Confirming banks
worldwide which represent the TFP network on the intraregional and
international level.
Ameriabank is one of the most dynamic banks in Armenia and ranked
among the country's most stable financial institutions. It is one of
the first investment banks in Armenia, and since 2007 has been
providing an extensive list of innovative banking products and
services specifically tailored to meet its customers' needs.
According to the Ranking of Commercial Banks of Armenia by the Agency
of Rating Marketing Information (ArmInfo), as of 1 April 2010, the
assets of Ameriabank amounted to 110.5 bln AMD (5th position), with
the annual growth being 36,6%. In the structure of assets credit
portfolio made up 61,3%, or 67.7 bln AMD (5th position), with the
annual growth being 87,1%. In the credit portfolio the lion's share
fell on industry crediting - 30,1% or 20.4 bln AMD (2nd position) and
trade crediting - 21,1% or 14.3 bln AMD (4th position).
The EBRD, owned by 61 countries and two intergovernmental
institutions, is supporting the development of market economies and
democracies in countries from central Europe to central Asia.
From: A. Papazian