Cooperation with foreign financial institutions
Absolut Bank is a leader in the market of trade financing
of medium businesses and has direct credit lines from the European,
US and Asian banks totaling more than 250 million US dollars.
The Bank is also a participant in the Trade Facilitation Program
of the European Bank for Reconstruction and Development.
Owing to our stable ties with western banks and export agencies
all over the world we offer our clients financing of foreign
trade operations on most advantageous terms and conditions.
Absolut Bank offers its clients a wide range of business financing
possibilities: overdraft lending, credit lines, financing of
export-import operations involving the delivery of goods and
equipment, bank guarantees, customs guarantees, project financing,
leasing.
At the present time, the Bank has credit lines from more
than 70 banks of Europe, USA and Asia. If the client wishes
so, the letters of credit and guarantees, issued by the Bank,
may be confirmed and re-confirmed by such first-class banks
as COMMERZBANK AG (Germany), HYPO-VEREINSBANK AG (Germany),
DRESDNER BANK AG (Germany), CALYON (France), BANK AUSTRIA CREDITANSTALT
(Austria), RAIFFEISEN ZENTRALBANK OESTERRICH AG (Austria),
ING BANK (Holland), KBC (Belgium), JPMORGAN CHASE BANK (USA),
AMERICAN EXPRESS (USA), UBS AG (Switzerland), CSFB (Switzerland.
The Bank participates in the trade facilitation programs of
the European Bank for Reconstruction and Development (EBRD,
London), and the International Finance Corporation (IFC, Washington),
which allow the Bank to work practically with all financial
institutions of the world.
To service the trade turnover of the clients operating in
the CIS and Baltic countries Absolut Bank has
large credit lines from the major banks of Kazakhstan (KAZCOMMERZBANK,
TURANALEMBANK), Ukraine (RAIFFEISENBANK UKRAINE), Latvia (PAREX
BANK, RIETUMU BANK, LATECO BANK) and the Republic of Belarus
(BELVNESHECONOMBANK).
Absolut Bank gives much attention to cooperation with foreign
export agencies and banks, which enables its clients to considerably
cut down the expenses on the purchase of new equipment by receiving
cheap investment credits for a period of up to 7 year costing
from 8% p.a.
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