Yerevan/Mediamax/. Ameriabank concluded a CARTA (Continuing Agreement for Reimbursement of Trade Advances), agreement with the American Citibank which allows the Armenian bank to get USD4mln for trade financing.

“For the first time, Citibank granted monetary funds to an Armenian bank, relying on Ameriabank’s stable financial condition and its trustworthy activity”, Mediamax was informed in the bank.

They noted that the loan will provide competitive credit terms to the clients and will extend their opportunities of financing trade deals with foreign partners.

Previously, Ameriabank received credit lines from Citibank to manage torrents of cash funds and conclude deals on trade financing.