Get up to 90% of accounts receivable for delivered goods or service immediately, and avoid time-consuming talks with buyer as to the procedure of payment.

Domestic factoring will help you increase your sales and the number of customers by offering deferred payment schemes, and direct your free cash into other investments.

Benefits of domestic factoring:

• Purchase working assets even if you don't have enough collateral
• Give customers a deferred payment scheme to attract new ones and grow your market share
• Minimize losses related to exchange rate fluctuations
• Improve liquidity by converting receivables into cash more quickly
• Create opportunities for increasing turnover, expanding geographical footprint and improving financial planning
• Quickly recover manufacturing assets

We offer a factoring package incorporating non-recourse factoring, under which you can sell your accounts receivable to the Bank, if they are due from a customer on the list of approved companies of the Bank. Your collateral is the contract with your customer.

This type of factoring includes:

• Financing of supplies with deferred payment schedule without collateral
• Providing full guarantee against risks of non-payment by buyer

The receivables selling scheme where the provider of service and the factor (the Bank) are incorporated and work in one country, and the customer is a resident of a different country.

Benefits for exporters:

• Finance supplies with prepayment
• Increase the amount of finance as sales grow
• Give up to 180-day payment deferral for customers
• Substantially boost sales
• Manage receivables administratively
• Minimize risks of non-payment
• Ensure uninterrupted supply of working assets
• Get informational and analytical support

Factor provides payment guarantee* for debtor thus giving also deferral in payment.

Benefits for importers:

• Deferred payment scheme (product loan) for importer
• Increased trust among foreign exporters towards Armenian importers
• Growth of import
• No need to use letters of credit