Yerevan/Mediamax/. “VTB Bank (Armenia)” has elaborated a special factoring product for its strategic partner “South Caucasus Railroad” CJSC.

Within the framework of that product, factoring limits will be opened for the customers of SCR. Not only the expenses of the company for railroad transportation of cargoes, but also accompanying services of SCR, such as freight forwarding, will be financed by those factoring limits.

SCR gains the chance to provide its services to local companies at more profitable conditions: with postponement of the payment for transportation services, as well as with a flexible system of discounts, included in the factoring product.

Commenting on the new product, “VTB Bank (Armenia)”, SCR General Director Shevket Shaidullin stated that “today our company makes another step towards winning the transport market of Armenia”.