ArmInfo.. Ameriabank leads in terms of volume of factoring operations, providing a portfolio of 11 billion drams in 2018 with a y-o-y growth of 59%. To date, the factoring portfolio of the bank already exceeds 12 billion drams. As the Bank's press service told ArmInfo, the dominant part of these operations falls on export factoring, in which Ameriabank closely cooperates with the Export Insurance Agency of Armenia, which gives exporters the opportunity from a financial point of view to build more efficient and reliable business relations with foreign partners.
Factoring (https://ameriabank.am/content.aspx?id=corporate_factoring& table =productlistmenu&page=98&lang=33), as the best tool for short-term financing, is actively used by Ameriabank, as a result of which the bank has a sufficiently diversified portfolio. In particular, representatives of various sectors of the economy use factoring services of Ameriabank (energy, construction, trade, services, etc.), for the replenishment of working capital of which there is a need for short-term financing. As a flexible financial instrument, factoring not only makes it possible to effectively solve this problem, but also makes it possible to work with partners on deferred payment terms. In the framework of factoring, clients give the bank the right to a monetary claim for receivables, in exchange for receiving factoring financing instantly, which allows organizations to carry out financial transactions without hindrance.
According to the Financial Rating of Banks of Armenia as of December 31, 2018, prepared by ArmInfo IC, Ameriabank continues to lead in terms of key financial indicators. The bank's assets amounted to 779.8 billion drams ($ 1.6 billion, first position), credit investments - 545.8 billion drams ($ 1.1 billion, first position). In the structure of the loan portfolio of the bank, the share of factoring operations accounts for over 2%, and in the total volume of factoring transactions in the banking market, the share of Ameriabank is 34%. On a y-o-y basis, the bank increased its assets by 15.1%, in the structure of which credit investments grew by 12%. 2018 Ameriabank finished with a net profit of 10.5 billion drams or $ 21.7 million (1st position), having increased this figure by 37.3% per annum.
To recall, Ameriabank is a dynamically developing bank in Armenia, one of the largest and most stable financial institutions in the country. Today, Ameriabank is a universal bank providing a full package of corporate, investment and retail banking services, and the leader of the banking sector of Armenia in terms of its main financial indicators (assets, liabilities, loan portfolio, net profit and capital). The Bank has been operating in the Armenian market since October 31, 1996. The shareholders of Ameribank are: Ameria Group CY Ltd - 56.6%, EBRD - 17.8%, Asian Development Bank (ADB) - 13.98% and ESPS Holding Limited - 11.62%. The Bank is annually awarded distinctive awards from Euromoney, from Global Finance, from The Banker / FT, from Commerzbank. Ameriabank is the only organization in Armenia with credit ratings of three agencies: S & P (B +, with a "Stable" outlook), Moody's (B1, with a "Positive") and Fitch (B +, with "Stable") forecasts.