Trade Finance
Export and Import Finance
Along with conventional credit facilities, Absolut Bank offers its customers financing via documentary letters of credit or prime bank guarantees:
To reduce financing costs of foreign transactions, Absolut Bank customers can take advantage of various settlement instruments:
- Post financing and deferred payment letters of credit
- Stand-by letters of credit
- Prime (first class) bank guarantees:
- Payment guarantee
- Loan guarantee
- Performance bond
- Advance payment guarantee
- Bid bond
- Customs guarantee
- Payments for collection
To finance import deliveries of expensive equipment, Absolut Bank offers medium and long-term financial solutions involving investment facilities of western banks issued for Absolut Bank, or ECA-covered loan facilities.
Today Absolut Bank has a total of USD 2.5 billion in loan facilities granted by over 130 European, American and Asian banks. At the customer's request, all letters of credit and guarantees issued by Absolut Bank can be confirmed by any bank of the KBC Group in the countries of its presence, and by other prime banks.
Absolut Bank focuses on partnership with foreign export credit agencies to provide customers with affordable loans for up to seven years at LIBOR + 0.75% per annum and reduce their equipment purchase expenses.
Advantages of Absolut Bank Trade Finance
- Potential increase in the foreign trade turnover
- Reduced expenses and commercial risks
- Finance requiring no current assets or collateral
- KBC Group support (resources, technologies, products, business contacts)
- Good business relations with European, American and Asian banks
- Accreditation of Absolut Bank with the largest international ECAs
- Insurance of structured trade loans since 2006 and a revolving loan agreement on trade finance since 2005 within the EBRD Trade Facilitation Program
Contacts in Structured and Trade Finance Department:
| phone: |
+7 495 777 71 65 |
| Olga Zakhartseva |
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| Julia Chaykina |
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| Natalia Bolgova |
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