“Ardshininvestbank” CJSC provides a wide range of banking services, offering clients comprehensive solutions for foreign trade transactions, using documentary letters of credit and guarantee operations
“Ardshininvestbank” CJSC has financed the impo
“Ardshininvestbank” CJSC provides a wide range of banking services, offering clients comprehensive solutions for foreign trade transactions, using documentary letters of credit and guarantee operations
“Ardshininvestbank” CJSC has financed the impo
21-01-2013 15:09:11 | Armenia | Economy
“Ardshininvestbank” CJSC provides a wide range of banking services, offering clients comprehensive solutions for foreign trade transactions, using documentary letters of credit and guarantee operations.
In December of 2012, “Ardshininvestbank” CJSC has financed the import of first set of agricultural equipment manufactured by John Deere – the world’s leading manufacturer of agricultural and road construction equipment. The financing has been provided by issuance of documentary letter of credit which has been post-financed for 5 years by German Landesbank Baden-Wurttemberg (LBBW) against German export insurance agency Euler Hermes Deutschland AG coverage. The agricultural equipment’s delivery will be finished by Spring, 2013, and the entire financing will be equal to approximately 1.4 mln. Euros.
The importing agricultural equipment has high productivity parameters and is transferred on long-term leasing conditions to Bank’s existing and potential clients - effectively developing agricultural companies.
"Ardshininvestbank” CJSC considers Armenian agricultural sector to have a significant potential and by financing of such projects contributes to development of middle business in this sector.
During the project realization “Ardshininvestbank” CJSC has strongly collaborated with “CARD Agroservice” CJSC – John Deere’s official representative in Armenia. “CARD Agroservice” CJSC has acted as the coordinator of negotiation process and has direct participation during the project’s further realization.
About John Deere
The company has been established in USA in 1837. Today, Deere & Company is one of the world’s most successful machinery producing companies and the biggest manufacturer of agricultural and road construction equipment. John Deere has been named a Thomson Reuters 2012 top 100 Global Innovator.
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