Mon, 20 October
20.1 C
Yerevan
USD: 383.01 RUB: 4.73 EUR: 446.28 GEL: 141.40 GBP: 513.50

Ameriabank becomes bank confirming letter of credit of Kazakhstan’s leading bank

YEREVAN, November 30. /ARKA/. Ameriabank announced an unprecedented for the Armenian bank deal appearing not only as the bank issuing a letter of credit, but also the confirming bank.

Ameriabank said Friday it had confirmed the letter of credit of Kazakhstan’s leading bank, a member of the largest banking group.

This will promote the domestic export as well as step up the export markets, according to the source.
Being recognized as a reliable and loyal partner at the financial market, Ameriabank gets an opportunity to actively cooperate with foreign major banks expanding financing of commercials deals of its clients. Within 10 months the total volume of the bank’s letters of credit stood at 19 billion drams, which is 124% higher from the analogical period.

Ameriabank is a universal bank providing investment, corporate and limited retail banking services. Ameriabank is the first investment bank in Armenia. It has been offering a broad range of innovative banking services since 2007.—0-

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

LATEST NEWS

spot_imgspot_imgspot_img