Domestic factoring

Armswissbank is one of the first financial institutions operating in Armenia that has implemented and developed factoring as an effective tool of short-term trade finance. The Bank offers wide range of factoring services suitable for needs and requirements of each client.
Factoring is a financial transaction in which the client assigns the collection rights of its accounts receivable to the Bank at a discount.

Factoring includes the following services:

• Financing sales on deferred payment terms
• Accounts receivable administration
• Collection of accounts receivable
• Protection against buyers’ default