February 14, 2011 - 12:50 AMT
Ameriabank named one of trade financing transactions leaders in Armenia

In 2011, Ameriabank CJSC continues expanding trade financing cooperation with international structures and leading foreign banks.

The bank has already established a limit of USD 40million within the framework of cooperation with foreign banks including Citibank, BNP Paribas, Commerzbank, Ameriabank press service reported.

A line of credit to implement trade financing transactions to the amount of USD 8 million was recently granted by Citibank and BNP Paribas, allowing to significantly expand possibilities of bank clients. To manage a daily cash flow, Citibank allocated a credit line of USD 5 million to the bank.