Mon, 7 July
26.1 C
Yerevan
USD: 384.26 RUB: 4.88 EUR: 452.58 GEL: 141.37 GBP: 524.44

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

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenian parliament approves annual report on execution of 2024 state budget

At a session on Thursday, the National Assembly of Armenia approved the annual report on the execution of the 2024 state budget.

Market capitalization increased by 39% in April over the year, exceeding AMD 462 billion – Armenian Stock Exchange

Stock market capitalization increased by 39% in April over the year, exceeding AMD 462 billion, the press service of the Armenia Securities Exchange (AMX) reported.

Central Bank of Armenia considering introducing long-term mechanisms for insurance against fraud

The Central Bank of Armenia is considering the possibility of introducing mechanisms for insurance against fraud.

Armenia’s Total Public Debt grows to over $13 Billion

Armenia's total public debt as of February 28, 2025 amounted to $13,027.848 million, an increase of $140.853 million compared to January 31, 2025, the National Statistical Committee reported.

LATEST NEWS

spot_imgspot_imgspot_img