Yerevan/Mediamax/. Ameriabank and European Bank for Reconstruction and Development (EBRD) signed an agreement, according to which Ameriabank is considered to be issuing bank and thus becoming a member of the Trade Facilitation Programme network.

Mediamax was informed in Ameriabank marketing department, the agreement will allow Ameriabank expanding and promoting financing of international trade transactions of its clients.

According to the program, EBRD will guarantee trade finance instruments issued by Ameriabank in favor of international commercial banks effectively mitigating risks for the Confirming banks.

Ameriabank has thus become the tenth bank in Armenia to participate in TFP. Overall there are currently 121 Issuing banks in 20 countries of operations and over 750 Confirming banks worldwide.