Trading Companies

Traders, more than others, need a reliable partner in financial matters.

For running business successfully, it is necessary to:

Contact your private banker to receive a solution
tailored exactly to your needs!

  • Entering the international market due to the bank guarantee

    For a long time our client’s business has been successfully developing in Latvia, but he could not reach an international business level to sign contracts abroad. Potential partners expected to have necessary bank guarantees on the performance of work, as well as experience to implement them.
    • The client was unable to acquire international experience of orders’ implementation, as far as no commercial bank wanted to take risks and responsibility to issue a guarantee to the client without any proper experience.

      We estimated our customers’ professionalism and experience in the Latvian market. His loyalty to our bank allowed us to issue him the unsecured guarantee for the realization of a small international contract.

    • In next 5 years, this small contract has been transformed into a multi-million dollar long-term deals, and our client’s income increased by 10 times.

      This qualitative development of the client's business has occurred also due to a small guarantee that we gave him after having carefully assessed all the existing risks.

    Vladislavs Serdjuks

    Head of Private Banking Department North

  • Overdraft instead of conversion

    Our commercial client pays to his suppliers in euros and sells goods for U.S. dollars.
    • Once, when it was time to pay to the supplier and our client had dollars on his account, he saw that the dollar against the euro was growing, so he decided that it was not profitable to buy euros at the moment, and it would be better to do it later.

      The client called us for advice. His private banker offered him to take an overdraft in euro secured by dollars the client had on his current account.

    • Thus the client would be able to pay in euro for the delivery immediately, and to convert later when paying off the overdraft.

      The client was correct in his forecast of currency rate change, and ultimately the cost of the overdraft was significantly lower than the rates difference that provided the client with an extra profit from the transaction.

    Sergei Deinekin

    Head of Private Banking Department West